Description
Listing and trading approval for 19,84,000 equity shares of Sirca Paints India Limited issued on preferential basis to non-promoters, effective December 24, 2025.
Summary
BSE has approved the listing and trading of 19,84,000 new equity shares of Sirca Paints India Limited (Scrip Code: 543686) issued on preferential basis to non-promoters. The shares will commence trading on December 24, 2025, with a lock-in period extending until June 30, 2026.
Key Points
- 19,84,000 equity shares of Rs. 10/- each issued at premium of Rs. 369.50/-
- Issue price: Rs. 379.50 per share
- Allotted to non-promoters on preferential basis
- Date of allotment: September 11, 2025
- Shares rank pari-passu with existing equity shares
- ISIN: INE792Z01011
- Distinctive Numbers: 54808801 to 56792800
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
- Trading members must note the listing of new securities
- All 19,84,000 shares subject to lock-in restrictions until June 30, 2026
- Shares cannot be transferred or sold during the lock-in period
Important Dates
- Allotment Date: September 11, 2025
- Trading Commencement: December 24, 2025 (Wednesday)
- Lock-in Expiry: June 30, 2026
Impact Assessment
This is a routine preferential allotment listing with limited market impact. The addition of 19.84 lakh shares increases the equity base of Sirca Paints India Limited. The lock-in period until June 30, 2026 ensures these shares will not create immediate selling pressure. The preferential issue to non-promoters indicates capital raising activity by the company, possibly for business expansion or working capital requirements.
Impact Justification
Routine preferential allotment listing with modest share count (19.84 lakh shares) and standard lock-in provisions. Limited market-wide impact as this is company-specific corporate action.