Description
Listing of 1,00,000 equity shares of Kilburn Engineering Ltd issued at premium of Rs. 415/- to promoters on preferential basis pursuant to conversion of warrants, effective January 23, 2026.
Summary
BSE has approved the listing of 1,00,000 equity shares of Kilburn Engineering Ltd (Scrip Code: 522101) issued to promoters on a preferential basis pursuant to conversion of warrants. The shares will be available for trading from January 23, 2026. The securities are subject to a lock-in period until August 30, 2027.
Key Points
- Company: Kilburn Engineering Ltd
- Scrip Code: 522101
- ISIN: INE338F01015
- Number of shares: 1,00,000 equity shares of Rs. 10/- each
- Issue price: Rs. 425/- (face value Rs. 10 + premium Rs. 415)
- Allotment type: Preferential allotment to promoters
- Purpose: Conversion of warrants
- Distinctive Numbers: 51437859 to 51537858
- Date of allotment: December 6, 2025
- Trading commencement: January 23, 2026
- Ranking: Pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced. This is a routine listing notification for new securities.
Compliance Requirements
- Trading members are informed of the new securities listing
- Lock-in restrictions apply to all 1,00,000 shares until August 30, 2027
- Shares cannot be transferred or sold by promoters during the lock-in period
Important Dates
- December 6, 2025: Date of allotment
- January 22, 2026: Notice date
- January 23, 2026: Trading commencement date
- August 30, 2027: Lock-in expiry date
Impact Assessment
Market Impact: Minimal. The preferential allotment represents a small number of shares issued to promoters with a lock-in period of approximately 31 months. These shares will not be available for trading until August 2027, preventing any immediate dilution effect on existing shareholders.
Operational Impact: Routine listing procedure with no operational changes for trading members. The shares rank pari-passu with existing equity shares, maintaining uniform rights across all shareholders.
Financial Impact: The company has raised Rs. 4,25,00,000 (Rs. 425 x 1,00,000 shares) through warrant conversion, strengthening its capital base.
Impact Justification
Routine preferential allotment to promoters pursuant to warrant conversion with standard lock-in period. Limited market impact due to small share count relative to typical trading volumes and promoter lock-in restrictions.