Description
Gayatri Sugars Ltd. lists 13,99,996 equity shares issued to non-promoters on preferential basis pursuant to conversion of warrants, effective January 16, 2026.
Summary
BSE has approved the listing of 13,99,996 equity shares of Gayatri Sugars Ltd. (Scrip Code: 532183) issued to non-promoters on a preferential basis pursuant to conversion of warrants. The shares will commence trading on January 16, 2026, and are subject to lock-in until July 31, 2026.
Key Points
- 13,99,996 equity shares of Rs. 10/- each issued at par value
- Allotted to non-promoters on preferential basis through warrant conversion
- Date of allotment: July 12, 2024
- Shares ranking pari-passu with existing equity shares
- Distinctive numbers: 64800306 to 66200301
- ISIN: INE622E01023
- Trading commencement: January 16, 2026
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members should note the listing of new securities
- All 13,99,996 shares are subject to lock-in restrictions until July 31, 2026
- Shares cannot be transferred or traded until lock-in period expires
Important Dates
- Allotment Date: July 12, 2024
- Trading Commencement: January 16, 2026 (Friday)
- Lock-in Expiry: July 31, 2026
Impact Assessment
This is a routine listing announcement with minimal market impact. The preferential allotment represents warrant conversion to non-promoters, with all shares locked in for approximately 6.5 months from trading commencement. The lock-in period prevents immediate selling pressure. The issue price at par (Rs. 10/-) and the relatively small number of shares suggest limited dilution impact on existing shareholders.
Impact Justification
Routine listing of new equity shares from warrant conversion. Limited market impact due to small share count and lock-in period until July 2026.