Description
4,00,000 equity shares of Kinetic Engineering Ltd listed on BSE with effect from January 2, 2026, issued on preferential basis pursuant to conversion of warrants.
Summary
BSE has listed 4,00,000 new equity shares of Kinetic Engineering Ltd (Scrip Code: 500240) with effect from Friday, January 2, 2026. These shares were issued at a premium to non-promoters on a preferential basis pursuant to the conversion of warrants. The shares are subject to a lock-in period until July 29, 2026.
Key Points
- 4,00,000 equity shares of Rs. 10/- each issued at a premium of Rs. 161/-
- Issue price: Rs. 171/- per share
- Issued to non-promoters on preferential basis pursuant to warrant conversion
- Shares rank pari-passu with existing equity shares
- Date of allotment: September 24, 2025
- Trading permitted from January 2, 2026
- ISIN: INE266B01017
- Distinctive Numbers: 113519124 to 113919123
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members should note the listing of these new securities
- All 4,00,000 shares are subject to lock-in restrictions until July 29, 2026
- The shares cannot be traded or transferred during the lock-in period
Important Dates
- Allotment Date: September 24, 2025
- Trading Start Date: January 2, 2026
- Lock-in Period Ends: July 29, 2026
Impact Assessment
Minimal market impact expected. The listing involves a relatively small number of shares (4,00,000) issued on a preferential basis to non-promoters. The lock-in period until July 29, 2026 means these shares will not be available for trading in the immediate term, limiting any potential supply-side pressure on the stock. This is a routine corporate action related to warrant conversion and does not signal any significant operational or strategic changes for Kinetic Engineering Ltd.
Impact Justification
Routine listing of preferential shares from warrant conversion. Limited market impact due to small share count and lock-in period.