Description

Listing and trading of 77,27,000 equity shares of Peninsula Land Limited issued to promoters on preferential basis pursuant to conversion of Compulsory Convertible Debentures (CCDs), effective December 29, 2025.

Summary

BSE has approved the listing of 77,27,000 equity shares of Peninsula Land Limited (Scrip Code: 503031) issued to promoters on a preferential basis pursuant to conversion of Compulsory Convertible Debentures (CCDs). The shares will be available for trading from December 29, 2025, and rank pari-passu with existing equity shares.

Key Points

  • Number of Shares: 77,27,000 equity shares of Rs. 2/- each
  • Issue Price: Rs. 44/- per share (Rs. 2/- face value + Rs. 42/- premium)
  • Allotment Date: April 16, 2025
  • Trading Start Date: December 29, 2025
  • ISIN: INE138A01028
  • Distinctive Numbers: 440883273 to 448610272
  • Issued To: Promoters on preferential basis
  • Purpose: Conversion of Compulsory Convertible Debentures (CCDs)
  • Ranking: Pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification following SEBI guidelines for preferential allotment and CCD conversion.

Compliance Requirements

  • Trading members must note the listing of these new securities
  • The shares are subject to lock-in requirements as specified
  • All 77,27,000 shares must comply with the lock-in period ending August 30, 2026

Important Dates

  • Allotment Date: April 16, 2025
  • Trading Commencement: December 29, 2025
  • Lock-in Expiry: August 30, 2026

Impact Assessment

Market Impact: Low. The shares are issued to promoters and subject to lock-in until August 30, 2026, meaning they cannot be traded freely until that date. This limits immediate market supply and price impact.

Operational Impact: Minimal. Trading members need to be aware of the new securities and their lock-in status. The shares rank equally with existing equity shares once the lock-in period expires.

Shareholder Impact: The preferential allotment to promoters increases their shareholding but does not immediately affect market liquidity due to the lock-in period.

Impact Justification

Routine listing of equity shares issued to promoters via CCD conversion with standard lock-in period. Limited market impact as shares are locked until August 2026.