Description

31,98,473 equity shares of Kesar India Limited listed on BSE with effect from January 21, 2026, issued on preferential basis pursuant to conversion of warrants.

Summary

BSE has listed 31,98,473 new equity shares of Kesar India Limited (Scrip Code: 543542) with effect from Wednesday, January 21, 2026. These shares were issued at a premium of Rs. 340/- per share to Promoter and Non-Promoter on a preferential basis pursuant to conversion of warrants. The shares are ranking pari-passu with existing equity shares.

Key Points

  • Total new shares listed: 31,98,473 equity shares of Rs. 10/- each
  • Issue price: Rs. 350/- per share (face value Rs. 10/- + premium Rs. 340/-)
  • Allotment basis: Preferential basis pursuant to warrant conversion
  • Allotment to: Promoter and Non-Promoter
  • Date of allotment: December 10, 2025
  • Trading commencement: January 21, 2026
  • ISIN: INE0L1C01019
  • Distinctive numbers: 24799657 to 27998129
  • Ranking: Pari-passu with existing equity shares

Regulatory Changes

No regulatory changes. This is a standard listing notification following preferential allotment procedures.

Compliance Requirements

  • Trading members are informed to note the new securities for trading purposes
  • Lock-in restrictions must be observed as per the specified schedule

Important Dates

  • Date of Allotment: December 10, 2025
  • Trading Commencement: January 21, 2026
  • Lock-in Period 1: 1,162,283 shares (Dist. Nos. 24799657 to 25961939) locked until July 26, 2026
  • Lock-in Period 2: 2,036,190 shares (Dist. Nos. 25961940 to 27998129) locked until July 26, 2027

Impact Assessment

Market Impact: Low. This is a routine listing of preferentially allotted shares following warrant conversion. The lock-in periods (ranging from 6 months to 18 months) will prevent immediate trading of these shares, minimizing short-term supply pressure.

Dilution: The new shares represent additional equity capital for Kesar India Limited. Existing shareholders should note the dilution effect, though the preferential issue to promoters may also strengthen promoter holding.

Liquidity: No immediate impact on liquidity as all shares are subject to lock-in periods. Trading members should update their systems to reflect the increased share capital.

Impact Justification

Routine listing notification for preferential allotment. Limited market impact as shares have lock-in periods. Relevant primarily for company shareholders and potential investors.