Description
12,54,750 equity shares of Rama Petrochemicals Ltd. issued at par to promoters on preferential basis pursuant to conversion of warrants, listed and permitted to trade from February 3, 2026.
Summary
BSE has listed 12,54,750 new equity shares of Rama Petrochemicals Ltd. (Scrip Code: 500358) issued to promoters on a preferential basis pursuant to conversion of warrants. The shares are permitted to trade on the exchange from Tuesday, February 3, 2026, and rank pari-passu with existing equity shares.
Key Points
- 12,54,750 equity shares of Rs. 10/- each issued at par value
- Issued to promoters on preferential basis through warrant conversion
- Distinctive Numbers: 10469401 to 11724150
- Shares rank pari-passu with existing equity shares
- ISIN: INE783A01013
- All shares subject to lock-in until August 29, 2027
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 until August 29, 2027
- All 12,54,750 shares are subject to lock-in provisions
Important Dates
- Allotment Date: March 26, 2025
- Trading Commencement: February 3, 2026
- Lock-in Expiry: August 29, 2027
Impact Assessment
This is a routine listing notification with minimal market impact. The shares were issued to promoters at par value (Rs. 10/-) through warrant conversion and are subject to a lock-in period until August 29, 2027. Since these shares cannot be traded until the lock-in expires, there is no immediate impact on market liquidity or price discovery. The preferential allotment represents capital infusion by promoters and may be viewed positively as a sign of promoter confidence.
Impact Justification
Routine listing of preferential allotment shares from warrant conversion. Limited market impact as shares are locked-in until August 2027 and represent promoter holdings.