Description
3,03,030 equity shares of Som Distilleries & Breweries Ltd. issued on preferential basis pursuant to conversion of warrants will be listed and permitted to trade from January 27, 2026.
Summary
BSE has approved the listing of 3,03,030 equity shares of Rs. 2/- each of Som Distilleries & Breweries Ltd. (Scrip Code: 507514) issued to Promoters on a preferential basis pursuant to conversion of warrants. The shares will be permitted to trade on the Exchange from Tuesday, January 27, 2026, and are subject to lock-in until July 28, 2027.
Key Points
- 3,03,030 equity shares of face value Rs. 2/- each issued at a premium of Rs. 108/-
- Issue price: Rs. 110/- per share
- Allotment date: December 3, 2024
- Shares issued to Promoters on preferential basis pursuant to conversion of warrants
- Distinctive numbers: 194988433 to 195291462
- ISIN: INE480C01038
- Shares rank pari-passu with existing equity shares
- All 3,03,030 shares are subject to lock-in until July 28, 2027
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
- Trading members are informed of the new securities listing
- Lock-in restrictions must be observed until July 28, 2027 for all allotted shares
Important Dates
- Allotment Date: December 3, 2024
- Trading Commencement: January 27, 2026 (Tuesday)
- Lock-in Expiry: July 28, 2027
Impact Assessment
This is a routine corporate action with minimal market impact. The preferential allotment to promoters represents conversion of previously issued warrants, a standard fundraising mechanism. Since all shares are subject to a lock-in period until July 2027, there will be no immediate trading activity or supply pressure on the stock. The allotment strengthens promoter holding and the company’s capital base.
Impact Justification
Routine listing of preferential allotment shares post warrant conversion. Limited impact as shares are subject to lock-in until July 2027 and represent normal corporate action.