Description

58 lakh equity shares of Choice International Ltd (Scrip Code 531358) listed on BSE effective January 29, 2026, issued at Rs. 300/- per share on preferential basis pursuant to conversion of warrants.

Summary

BSE has listed 58,00,000 equity shares of Choice International Ltd (Scrip Code: 531358) effective from Thursday, January 29, 2026. These shares were issued at a premium of Rs. 290/- on a face value of Rs. 10/- to Promoter and Non-Promoter on a preferential basis pursuant to conversion of warrants. The shares rank pari-passu with existing equity shares and are subject to lock-in periods.

Key Points

  • Total shares listed: 58,00,000 equity shares of Rs. 10/- each
  • Issue price: Rs. 300/- (Rs. 10/- face value + Rs. 290/- premium)
  • Allotment basis: Preferential allotment to Promoter and Non-Promoter
  • Warrant conversion: Shares issued pursuant to conversion of warrants
  • Date of allotment: November 28, 2025
  • Trading commencement: January 29, 2026
  • Distinctive numbers: 208988834 to 214788833
  • ISIN: INE102B01014
  • Ranking: Pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

Trading members must note the listing of new securities and lock-in restrictions:

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

Important Dates

  • November 28, 2025: Date of allotment
  • January 29, 2026: Trading commencement date
  • August 1, 2026: Lock-in expiry for 40 lakh shares
  • August 2, 2027: Lock-in expiry for 18 lakh shares

Impact Assessment

This is a routine listing notice with minimal market impact. The preferential allotment increases Choice International Ltd’s equity base by 58 lakh shares. The staggered lock-in periods (until August 2026 and August 2027) will restrict immediate liquidity for these shares. Trading members should be aware of the lock-in restrictions when processing trades in this security.

Impact Justification

Routine listing of preferential allotment shares with lock-in provisions, limited market impact for a single company security listing