Description

Listing and trading approval for 1,27,25,000 equity shares of Shree Rajasthan Syntex Ltd. issued on preferential basis to promoters and non-promoters, effective January 5, 2026.

Summary

BSE has approved the listing and trading of 1,27,25,000 new equity shares of Shree Rajasthan Syntex Ltd. (Scrip Code: 503837) issued on a preferential basis. The shares were allotted on November 28, 2025, at an issue price of Rs. 13.25 per share (face value Rs. 10 plus premium of Rs. 3.25) to promoters and non-promoters. Trading will commence from Monday, January 5, 2026. The new shares rank pari-passu with existing equity shares.

Key Points

  • Total new shares listed: 1,27,25,000 equity shares of Rs. 10/- each
  • Allotment date: November 28, 2025
  • Issue price: Rs. 13.25 per share (Rs. 10 face value + Rs. 3.25 premium)
  • Distribution numbers: 28012302 to 40737301
  • ISIN: INE796C01011
  • Shares rank pari-passu with existing equity shares
  • Issued on preferential basis to promoters and non-promoters

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for preferential allotment.

Compliance Requirements

  • Trading members must note the lock-in restrictions on various tranches of shares
  • Shares subject to lock-in periods cannot be traded until specified dates
  • Members must ensure compliance with lock-in provisions during trading

Important Dates

  • Allotment Date: November 28, 2025
  • Trading Commencement: Monday, January 5, 2026
  • Lock-in Expiry Dates:
    • 15,00,000 shares (Dist. Nos. 39237301 to 40737301): July 15, 2026
    • 75,75,000 shares (Dist. Nos. 28562302 to 36137301): July 15, 2026
    • 5,50,000 shares (Dist. Nos. 28012302 to 28562301): July 15, 2027
    • 31,00,000 shares (Dist. Nos. 36137302 to 39237301): July 15, 2027

Impact Assessment

The listing represents a significant equity dilution through preferential allotment totaling over 12.7 million shares. The staggered lock-in periods (expiring in 2026 and 2027) indicate a mix of promoter and non-promoter participation. Approximately 90.75 lakh shares (71.3%) have lock-in until July 2026, while 36.5 lakh shares (28.7%) are locked until July 2027. The preferential issue at Rs. 13.25 suggests fundraising for business operations. Trading members should note the lock-in restrictions when executing trades. Impact is moderate as this follows standard preferential allotment procedures with defined lock-in schedules.

Impact Justification

Standard preferential allotment listing with medium impact due to significant dilution (12.7 million shares) and multi-year lock-in periods for existing shareholders