Description

BSE has approved the listing of 31,98,473 equity shares of Kesar India Limited issued on preferential basis pursuant to conversion of warrants, effective January 21, 2026.

Summary

BSE has listed 31,98,473 new equity shares of KESAR INDIA LIMITED (Scrip Code: 543542) issued on preferential basis to Promoter and Non-Promoter pursuant to conversion of warrants. The shares will commence trading on the Exchange from Wednesday, January 21, 2026. The shares were allotted on December 10, 2025 at an issue price of Rs. 350/- per share (face value Rs. 10/- with premium of Rs. 340/-) and rank pari-passu with existing equity shares.

Key Points

  • Total shares listed: 31,98,473 equity shares of Rs. 10/- each
  • Scrip Code: 543542
  • ISIN: INE0L1C01019
  • Issue Price: Rs. 350/- per share (Rs. 10/- face value + Rs. 340/- premium)
  • Distribution Numbers: 24799657 to 27998129
  • Date of Allotment: December 10, 2025
  • Trading commencement: January 21, 2026
  • Issued to Promoter and Non-Promoter on preferential basis
  • Securities issued pursuant to conversion of warrants
  • Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members are informed about the new securities listing
  • Lock-in provisions apply to the allotted shares as detailed below
  • Members must ensure compliance with applicable trading regulations for these securities

Important Dates

  • December 10, 2025: Date of Allotment
  • January 20, 2026: Notice Date
  • January 21, 2026: Trading commencement date
  • July 26, 2026: Lock-in expiry for 1,162,283 shares (Dist. Nos. 24799657 to 25961939)
  • July 26, 2027: Lock-in expiry for 2,036,190 shares (Dist. Nos. 25961940 to 27998129)

Impact Assessment

This listing represents a routine preferential allotment for Kesar India Limited. The impact is limited to the specific company and its shareholders. The lock-in periods (ranging from approximately 7 months to 18 months from the notice date) ensure that the shares cannot be freely traded immediately, minimizing short-term market volatility. The total number of shares (31.98 lakh) will increase the company’s equity base, potentially affecting existing shareholding percentages. Market participants should note the staggered lock-in release dates when assessing liquidity and trading volumes in this scrip.

Impact Justification

Routine listing of preferential allotment shares for a single company with lock-in provisions; limited market-wide impact