Description

31,98,473 equity shares of Kesar India Limited issued at Rs. 350/- per share on preferential basis pursuant to conversion of warrants, listed with effect from January 21, 2026.

Summary

BSE has announced the listing of 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 (total issue price Rs. 350/-) to Promoter and Non-Promoter categories on a preferential basis pursuant to conversion of warrants. The shares rank pari-passu with existing equity shares.

Key Points

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

Regulatory Changes

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

Compliance Requirements

Trading members must note the lock-in restrictions applicable to the allotted shares:

  • 11,62,283 shares (Dist. Nos. 24799657 to 25961939): Locked-in until July 26, 2026
  • 20,36,190 shares (Dist. Nos. 25961940 to 27998129): Locked-in until July 26, 2027

These shares cannot be traded until their respective lock-in periods expire.

Important Dates

  • Allotment Date: December 10, 2025
  • Trading Commencement: January 21, 2026
  • Lock-in Expiry (Tranche 1): July 26, 2026 (11,62,283 shares)
  • Lock-in Expiry (Tranche 2): July 26, 2027 (20,36,190 shares)

Impact Assessment

This listing represents a dilution event for existing shareholders of KESAR INDIA LIMITED, with approximately 32 lakh new shares entering the market. However, the staggered lock-in periods (extending to July 2027) will limit immediate supply pressure. The preferential issue raised approximately Rs. 111.94 crores at the issue price of Rs. 350/- per share, providing capital infusion to the company. Market impact is limited to KESAR INDIA LIMITED stakeholders, with no broader market implications.

Impact Justification

Routine preferential allotment listing for a specific company with limited market-wide impact, relevant only to KESAR INDIA LIMITED stakeholders.