Description

BSE announces listing of 2,87,880 preferential equity shares issued to promoters pursuant to warrant conversion, effective January 27, 2026.

Summary

BSE has announced the listing of 2,87,880 new equity shares of Som Distilleries & Breweries Ltd. (Scrip Code: 507514) issued to promoters on a preferential basis pursuant to warrant conversion. The shares will be available for trading from January 27, 2026, and rank pari-passu with existing equity shares. All shares are subject to lock-in until July 28, 2027.

Key Points

  • 2,87,880 equity shares of Rs. 2/- each issued at a premium of Rs. 108/-
  • Total issue price: Rs. 110/- per share
  • Issued to promoters on preferential basis pursuant to warrant conversion
  • Shares rank pari-passu with existing equity shares
  • ISIN: INE480C01038
  • Distinctive Numbers: 203473273 to 203761152
  • Date of allotment: February 22, 2025
  • Scrip Code: 507514

Regulatory Changes

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

Compliance Requirements

  • Trading members are informed to note the new securities for trading purposes
  • Lock-in restrictions must be observed for all 2,87,880 shares until the specified date
  • Shares cannot be transferred or sold before lock-in expiry

Important Dates

  • Notice Date: January 23, 2026
  • Allotment Date: February 22, 2025
  • Trading Commencement: January 27, 2026
  • Lock-in Period Ends: July 28, 2027

Impact Assessment

Market Impact: Low - The preferential allotment to promoters represents a modest increase in share capital with minimal immediate trading impact due to complete lock-in until July 2027.

Liquidity Impact: Negligible in near-term as all shares are locked-in and held by promoters.

Shareholder Impact: Minor dilution for existing shareholders. The issue price of Rs. 110/- indicates the valuation at which promoters subscribed to the warrants.

Corporate Action: Reflects promoter confidence through warrant conversion and capital infusion into the company.

Impact Justification

Routine listing of preferential shares to promoters with minimal market impact due to lock-in restrictions until July 2027