Description
33,33,333 equity shares of Choice International Ltd issued at Rs. 300/- on preferential basis pursuant to warrant conversion will be listed and permitted for trading from January 6, 2026.
Summary
Choice International Ltd (Scrip Code: 531358) will list 33,33,333 new equity shares on BSE starting January 6, 2026. These shares were issued at Rs. 300/- per share (face value Rs. 10/- plus premium of Rs. 290/-) to non-promoters on a preferential basis pursuant to conversion of warrants. The shares are subject to lock-in until July 9, 2026.
Key Points
- 33,33,333 equity shares of Rs. 10/- each issued at premium of Rs. 290/-
- Issue price: Rs. 300/- per share
- Issued to non-promoters on preferential basis
- Allotment pursuant to conversion of warrants
- Date of allotment: November 12, 2025
- Trading permitted from January 6, 2026
- Distinctive numbers: 205655501 to 208988833
- ISIN: INE102B01014
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes. This is a routine listing notification for new securities.
Compliance Requirements
- Trading members are informed of the new securities listing
- All 33,33,333 shares are subject to lock-in restrictions
- Lock-in period expires on July 9, 2026
Important Dates
- Allotment Date: November 12, 2025
- Trading Commencement: January 6, 2026
- Lock-in Expiry: July 9, 2026
Impact Assessment
Limited market impact expected. The preferential issue involves a relatively small number of shares issued to non-promoters. The lock-in period until July 9, 2026 prevents immediate trading of these shares, further minimizing short-term market impact. The shares rank pari-passu with existing equity shares, maintaining equal rights for all shareholders.
Impact Justification
Routine listing of equity shares issued on preferential basis to non-promoters. Limited market impact given the small quantity and lock-in period until July 9, 2026.