Description
Listing and trading approval for 250,000 equity shares of Power & Instrumentation (Gujarat) Limited issued through preferential allotment via warrant conversion, effective January 21, 2026.
Summary
BSE has approved the listing of 250,000 equity shares of Power & Instrumentation (Gujarat) Limited (Scrip Code: 543912) for trading effective January 21, 2026. These shares were issued at Rs. 83.75 per share (face value Rs. 10 plus premium of Rs. 73.75) through preferential allotment to promoters and non-promoters pursuant to warrant conversion.
Key Points
- 250,000 equity shares of Rs. 10 each issued at premium of Rs. 73.75
- Issued to promoter and non-promoter on preferential basis via warrant conversion
- Shares rank pari-passu with existing equity shares
- Distinctive numbers: 17772901 to 18022900
- ISIN: INE557Z01018
- Trading commences January 21, 2026
- Differential lock-in periods apply to tranches
Regulatory Changes
No regulatory changes introduced. Standard listing procedure for preferential allotment shares.
Compliance Requirements
Trading members must note the lock-in restrictions:
- 150,000 shares (Dist. Nos. 17772901 - 17922900): Locked until July 30, 2027
- 100,000 shares (Dist. Nos. 17922901 - 18022900): Locked until July 30, 2026
Important Dates
- Allotment Date: November 6, 2025
- Trading Start Date: January 21, 2026 (Wednesday)
- Lock-in Expiry (Tranche 1): July 30, 2026 (100,000 shares)
- Lock-in Expiry (Tranche 2): July 30, 2027 (150,000 shares)
Impact Assessment
Minimal market impact. This is a routine listing of preferential allotment shares representing a small issuance. The shares are subject to standard lock-in periods preventing immediate trading of the entire allotment. No impact on trading members’ operations beyond awareness of the additional securities and lock-in restrictions.
Impact Justification
Routine listing notification for preferential allotment affecting a limited number of shares with standard lock-in provisions.