Description
Choice International Ltd lists 33,33,333 equity shares issued on preferential basis to non-promoters pursuant to warrant conversion, effective January 6, 2026.
Summary
Choice International Ltd (Scrip Code: 531358) has listed 33,33,333 new equity shares of Rs. 10/- each issued at a premium of Rs. 290/- to non-promoters on a preferential basis pursuant to conversion of warrants. The shares are permitted to trade on BSE with effect from Tuesday, January 6, 2026, and rank pari-passu with existing equity shares.
Key Points
- Number of shares listed: 33,33,333 equity shares of Rs. 10/- each
- Issue price: Rs. 300/- (Rs. 10 face value + Rs. 290 premium)
- Allotment type: Preferential basis to non-promoters
- Source: Conversion of warrants
- Distinctive numbers: 205655501 to 208988833
- Date of allotment: November 12, 2025
- Trading commencement: January 6, 2026
- ISIN: INE102B01014
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
Trading members are informed of the new securities listing and should update their systems accordingly. The listed shares are subject to lock-in restrictions as specified.
Important Dates
- Date of Allotment: November 12, 2025
- Trading Commencement: January 6, 2026
- Lock-in Period Ends: July 9, 2026 (for all 33,33,333 shares with distinctive numbers 205655501 to 208988833)
Impact Assessment
This is a routine listing notification for preferential allotment shares of a single company. The lock-in period until July 9, 2026, means these shares cannot be traded until that date. The impact is limited to Choice International Ltd and its shareholders, with no broader market implications. Trading members need to be aware of the lock-in restrictions when processing orders for this scrip.
Impact Justification
Routine preferential allotment listing for a single company with limited market-wide impact