Description
28,49,448 equity shares of Piccadily Agro Industries Ltd. listed on BSE effective December 26, 2025, issued 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 pursuant to the conversion of Compulsory Convertible Debentures (CCDs) at an issue price of Rs. 744/- per share.
Key Points
- 28,49,448 equity shares of Rs. 10/- each issued at a premium of Rs. 734/-
- Shares issued to non-promoters on preferential basis through CCD conversion
- New shares rank pari-passu with existing equity shares
- Distinctive Numbers: 95655122 to 98504569
- ISIN: INE546C01010
- Scrip Code: 530305
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
Trading members are informed of the new securities and should update their systems to reflect the increased share capital of Piccadily Agro Industries Ltd.
Important Dates
- Notice Date: December 24, 2025
- Date of Allotment: September 10, 2025
- Trading Commencement: December 26, 2025 (Friday)
Impact Assessment
This is a routine corporate action with minimal market impact. The listing increases Piccadily Agro Industries’ equity base by 28,49,448 shares issued through CCD conversion. The shares are issued to non-promoters, which may lead to dilution of existing shareholding percentages. The impact is limited to shareholders and investors of this specific company.
Impact Justification
Routine listing of shares from CCD conversion for a single company with limited market-wide impact