Description
Listing of 6,06,060 equity shares of Som Distilleries & Breweries Ltd. issued on preferential basis to promoters pursuant to warrant conversion, with lock-in until July 28, 2027.
Summary
BSE has approved the listing of 6,06,060 equity shares of Som Distilleries & Breweries Ltd. (Scrip Code: 507514) issued to promoters on a preferential basis pursuant to conversion of warrants. The shares will be available for trading from January 27, 2026, but are subject to a lock-in period until July 28, 2027.
Key Points
- 6,06,060 equity shares of Rs. 2/- each issued at a premium of Rs. 108/-
- Issued to promoters on preferential basis pursuant to warrant conversion
- Issue price: Rs. 110/- per share
- Shares rank pari-passu with existing equity shares
- ISIN: INE480C01038
- Distinctive Numbers: 200442973 to 201049032
- Date of allotment: February 12, 2025
Regulatory Changes
No regulatory changes. This is a routine listing notification following completion of preferential allotment procedures.
Compliance Requirements
- Trading members are informed about the new securities listing
- All 6,06,060 shares are subject to lock-in restrictions and cannot be transferred until July 28, 2027
- Shares will trade under the existing scrip code 507514
Important Dates
- Allotment Date: February 12, 2025
- Trading Commencement: January 27, 2026
- Lock-in Period Ends: July 28, 2027
Impact Assessment
Minimal market impact expected. The shares are issued to promoters and are locked-in for approximately 1.5 years from the trading commencement date. This represents a capital infusion through warrant conversion and increases promoter stake. The preferential allotment at Rs. 110/- per share indicates promoter confidence. No immediate liquidity impact as shares cannot be sold until mid-2027.
Impact Justification
Routine listing of preferential shares post warrant conversion. Limited impact as shares are locked-in until 2027 and represent promoter holding increase.