Description

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

Summary

Choice International Ltd (Scrip Code: 531358) has listed 58,00,000 equity shares of Rs. 10 face value issued at a premium of Rs. 290 per share (total issue price Rs. 300) to promoter and non-promoter entities on a preferential basis pursuant to warrant conversion. The shares are permitted for trading with effect from January 29, 2026, and rank pari-passu with existing equity shares.

Key Points

  • Total shares listed: 58,00,000 equity shares
  • Face value: Rs. 10 per share
  • Issue price: Rs. 300 per share (including premium of Rs. 290)
  • Date of allotment: November 28, 2025
  • Trading commencement: January 29, 2026
  • ISIN: INE102B01014
  • Distinctive numbers: 208988834 to 214788833
  • Issued to promoter and non-promoter on preferential basis through warrant conversion

Regulatory Changes

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

Compliance Requirements

  • Trading members must note the new securities available for trading from January 29, 2026
  • Lock-in provisions must be observed as per SEBI regulations
  • Shares rank pari-passu with existing equity shares

Important Dates

  • Allotment Date: November 28, 2025
  • Trading Commencement: January 29, 2026
  • Lock-in Period 1: 40,00,000 shares (Dist. Nos. 208988834-212988833) locked until August 1, 2026
  • Lock-in Period 2: 18,00,000 shares (Dist. Nos. 212988834-214788833) locked until August 2, 2027

Impact Assessment

Market Impact: Low. This is a routine preferential allotment listing affecting only Choice International Ltd.

Liquidity Impact: Minimal immediate impact as 40 lakh shares are locked for approximately 6 months and 18 lakh shares for approximately 18 months. Only trading in existing shares continues unaffected.

Shareholding Impact: Dilution effect of 58 lakh shares for existing shareholders, with significant portion under lock-in restricting immediate supply.

Operational Impact: None for trading members beyond noting the availability of new securities and observing lock-in restrictions.

Impact Justification

Routine listing of preferential shares for a single company with standard lock-in provisions. Limited market-wide impact.