Description

28,49,448 equity shares of Piccadily Agro Industries Ltd listed on BSE effective December 26, 2025, issued at Rs. 744/- per share on preferential basis pursuant to conversion of Compulsory Convertible Debentures.

Summary

BSE has announced the listing of 28,49,448 new equity shares of Piccadily Agro Industries Ltd (Scrip Code: 530305) effective from Friday, December 26, 2025. These shares were issued to Non-Promoters on a preferential basis at Rs. 744/- per share (face value Rs. 10/- plus premium of Rs. 734/-) pursuant to the conversion of Compulsory Convertible Debentures (CCDs). The newly listed shares rank pari-passu with existing equity shares.

Key Points

  • 28,49,448 equity shares of Rs. 10/- each listed
  • Issue price: Rs. 744/- per share (Rs. 10/- face value + Rs. 734/- premium)
  • Issued to Non-Promoters on preferential basis
  • Securities arose from conversion of Compulsory Convertible Debentures (CCDs)
  • Shares rank pari-passu with existing equity shares
  • Distinguished numbers: 95655122 to 98504569
  • ISIN: INE546C01010
  • Scrip Code: 530305
  • Date of allotment: September 10, 2025

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification following CCD conversion.

Compliance Requirements

Trading members are informed to:

  • Update their systems to reflect the new securities available for trading
  • Ensure the new shares are tradeable from December 26, 2025
  • Recognize that these shares have the same rights and privileges as existing equity shares

Important Dates

  • Notice Date: December 24, 2025
  • Date of Allotment: September 10, 2025
  • Trading Commencement Date: Friday, December 26, 2025

Impact Assessment

Market Impact: Low. This is a routine listing of equity shares following CCD conversion for a single company.

Operational Impact: Minimal. Trading members need to update their systems to accommodate the new securities, which is a standard operational procedure.

Investor Impact: The listing increases the free float of Piccadily Agro Industries Ltd by 28,49,448 shares, representing dilution for existing shareholders. The shares were issued to Non-Promoters, potentially improving public shareholding.

Liquidity Impact: May marginally improve liquidity in the scrip due to increased share count available for trading.

Impact Justification

Routine listing of equity shares from CCD conversion on preferential basis for a single company with limited market-wide impact