Description
250,000 equity shares of Power & Instrumentation (Gujarat) Limited listed on BSE with effect from January 21, 2026, issued on preferential basis pursuant to warrant conversion.
Summary
BSE has listed 250,000 equity shares of Power & Instrumentation (Gujarat) Limited (Scrip Code: 543912) with effect from Wednesday, January 21, 2026. These shares were issued at a premium to promoters and non-promoters on a preferential basis pursuant to conversion of warrants. The shares rank pari-passu with existing equity shares.
Key Points
- 250,000 equity shares of Rs. 10/- each issued
- Issue price: Rs. 83.75/- (including premium of Rs. 73.75)
- Date of allotment: November 6, 2025
- Trading commencement: January 21, 2026
- ISIN: INE557Z01018
- Distinct numbers: 17772901 to 18022900
- Issued to promoter and non-promoter on preferential basis
- Shares rank pari-passu with old equity shares
Regulatory Changes
No regulatory changes. This is a routine listing notification.
Compliance Requirements
Trading members must note the listing of these new securities and the applicable lock-in restrictions before executing trades.
Important Dates
- Date of Allotment: November 6, 2025
- Listing Date: January 21, 2026
- Lock-in Expiry (100,000 shares): July 30, 2026
- Lock-in Expiry (150,000 shares): July 30, 2027
Lock-in Details
- 150,000 shares (Dist. Nos. 17772901 - 17922900): Lock-in until July 30, 2027
- 100,000 shares (Dist. Nos. 17922901 - 18022900): Lock-in until July 30, 2026
Impact Assessment
Minimal market impact. This is a routine listing notification for a small number of preferentially allotted shares. The lock-in periods ensure gradual release of shares into the market, preventing immediate liquidity impact. Trading members should be aware of lock-in restrictions when processing orders for these securities.
Impact Justification
Routine listing of preferentially allotted shares post warrant conversion for a single company with limited market-wide impact