Description

Choice International Ltd lists 58 lakh equity shares at Rs. 300 per share issued on preferential basis pursuant to warrant conversion, effective January 29, 2026.

Summary

BSE has approved the listing of 58,00,000 equity shares of Choice International Ltd (Scrip Code: 531358) issued at Rs. 300 per share (face value Rs. 10 + premium Rs. 290) on preferential basis to promoters and non-promoters pursuant to warrant conversion. Trading commences on January 29, 2026. The shares are subject to lock-in periods with 40 lakh shares locked until August 1, 2026 and 18 lakh shares locked until August 2, 2027.

Key Points

  • 58,00,000 new equity shares listed and permitted for trading
  • Scrip Code: 531358, ISIN: INE102B01014
  • Issue price: Rs. 300 per share (Rs. 10 face value + Rs. 290 premium)
  • Shares issued to promoters and non-promoters on preferential basis
  • Issued pursuant to conversion of warrants
  • Date of allotment: November 28, 2025
  • Distinguished numbers: 208988834 to 214788833
  • Shares rank pari-passu with existing equity shares

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:
    • 40,00,000 shares (Dist. Nos. 208988834-212988833) locked until August 1, 2026
    • 18,00,000 shares (Dist. Nos. 212988834-214788833) locked until August 2, 2027

Important Dates

  • Allotment Date: November 28, 2025
  • Trading Commencement: January 29, 2026
  • First Lock-in Expiry: August 1, 2026 (40 lakh shares)
  • Second Lock-in Expiry: August 2, 2027 (18 lakh shares)

Impact Assessment

This listing represents a capital raising exercise through preferential allotment for Choice International Ltd. The impact is company-specific with no broader market implications. The staggered lock-in periods indicate a mix of promoter and non-promoter participation in the preferential issue. The shares being fungible with existing equity may result in increased liquidity for the scrip post lock-in expiry.

Impact Justification

Routine listing of preferentially allotted shares post warrant conversion for a specific company with limited market-wide impact