Description
Peninsula Land Limited lists 77.27 lakh equity shares issued at Rs. 44 per share to promoters on preferential basis pursuant to conversion of CCDs, effective December 29, 2025.
Summary
Peninsula Land Limited (Scrip Code: 503031) is listing 77,27,000 equity shares of Rs. 2 each issued at a premium of Rs. 42 per share to promoters on a preferential basis. These shares were issued pursuant to conversion of Compulsory Convertible Debentures (CCDs) and will be available for trading on BSE from Monday, December 29, 2025. The shares rank pari-passu with existing equity shares.
Key Points
- 77,27,000 equity shares of Rs. 2 each issued at premium of Rs. 42
- Total issue price: Rs. 44 per share
- Issued to promoters on preferential basis
- Securities issued pursuant to conversion of Compulsory Convertible Debentures (CCDs)
- Shares rank pari-passu with existing equity shares
- ISIN: INE138A01028
- Distinctive Numbers: 440883273 to 448610272
- Date of Allotment: April 16, 2025
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
- Trading members must note the listing of new securities
- All 77,27,000 shares are subject to lock-in restrictions
- Promoters must comply with lock-in requirements until August 30, 2026
Important Dates
- Date of Allotment: April 16, 2025
- Trading Commencement Date: December 29, 2025 (Monday)
- Lock-in Expiry Date: August 30, 2026
Impact Assessment
Market Impact: Low. The listing relates to a preferential allotment to promoters with complete lock-in until August 30, 2026. Since all shares are locked and held by promoters, there is no immediate impact on free float or trading volumes. The conversion of CCDs to equity shares is a corporate restructuring action with minimal market implications for retail investors or trading members.
Impact Justification
Routine listing of equity shares issued to promoters via CCD conversion with lock-in period; minimal market impact as shares are promoter-held and locked until August 2026