Description

636,942 equity shares of Piccadily Agro Industries Ltd. listed and permitted to trade on BSE with effect from February 1, 2026, issued pursuant to conversion of warrants on preferential basis.

Summary

BSE has announced the listing of 636,942 new equity shares of Piccadily Agro Industries Ltd. (Scrip Code: 530305) with effect from February 1, 2026. These shares were issued to promoters on a preferential basis pursuant to conversion of warrants at an issue price of Rs. 785 per share (face value Rs. 10 with premium of Rs. 775). The shares rank pari-passu with existing equity shares and are subject to lock-in until August 20, 2027.

Key Points

  • 636,942 equity shares of Rs. 10/- each issued at premium of Rs. 775/-
  • Issue price: Rs. 785 per share
  • Allotted to promoters on preferential basis pursuant to warrant conversion
  • Date of allotment: September 24, 2025
  • Trading permitted from: February 1, 2026
  • Distinctive numbers: 98504570 to 99141511
  • ISIN: INE546C01010
  • Shares rank pari-passu with existing equity shares
  • Complete lock-in until August 20, 2027

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members are informed about the new securities available for trading
  • Lock-in provisions must be observed: all 636,942 shares locked-in until August 20, 2027
  • Shares cannot be traded or transferred during the lock-in period

Important Dates

  • Date of Allotment: September 24, 2025
  • Trading Start Date: February 1, 2026
  • Lock-in Expiry: August 20, 2027

Impact Assessment

Market Impact: Low. This is a routine listing notification for preferential allotment to promoters. The shares are locked-in until August 2027, preventing any immediate market trading impact. The allotment represents capital infusion through warrant conversion, which is positive for the company’s capital structure but has no immediate trading implications due to the lock-in period.

Operational Impact: Minimal. Trading members need to update their systems to recognize the new distinctive numbers and increased share capital. The lock-in restriction simplifies operational handling as these shares cannot be traded until 2027.

Impact Justification

Routine listing notice for preferential allotment of equity shares pursuant to warrant conversion. Limited market impact as shares are locked-in until August 2027 and issued to promoters only.