Description
Listing of 250,000 equity shares of Power & Instrumentation (Gujarat) Limited issued on preferential basis pursuant to conversion of warrants, effective January 21, 2026.
Summary
BSE announces the listing of 250,000 equity shares of Power & Instrumentation (Gujarat) Limited (Scrip Code: 543912) effective January 21, 2026. These shares were issued at Rs. 83.75 per share (face value Rs. 10 with premium of Rs. 73.75) to promoters and non-promoters on a preferential basis pursuant to conversion of warrants. The allotment was completed on November 6, 2025.
Key Points
- 250,000 equity shares listed with ISIN INE557Z01018
- Issue price: Rs. 83.75 per share (Rs. 10 face value + Rs. 73.75 premium)
- Distinctive Numbers: 17772901 to 18022900
- Date of Allotment: November 6, 2025
- Shares rank pari-passu with existing equity shares
- Trading commences: January 21, 2026
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
Trading members must note the lock-in requirements for these securities:
- 150,000 shares (Dist. Nos. 17772901 - 17922900): Locked-in until July 30, 2027
- 100,000 shares (Dist. Nos. 17922901 - 18022900): Locked-in until July 30, 2026
Important Dates
- Allotment Date: November 6, 2025
- Trading Commencement: January 21, 2026
- Lock-in Expiry (100,000 shares): July 30, 2026
- Lock-in Expiry (150,000 shares): July 30, 2027
Impact Assessment
Limited market impact as this is a routine listing notification for a preferential allotment. The shares represent conversion of warrants and are subject to lock-in provisions, restricting immediate trading activity. The listing adds to the paid-up capital of Power & Instrumentation (Gujarat) Limited but does not affect broader market operations or trading protocols.
Impact Justification
Routine listing of preferential allotment shares with lock-in provisions for a single company; limited market-wide impact.