Description
BSE lists 12,54,750 equity shares of Rama Petrochemicals Ltd. issued to promoters on preferential basis pursuant to warrant conversion, effective February 3, 2026.
Summary
BSE has approved the listing of 12,54,750 equity shares of Rama Petrochemicals Ltd. (Scrip Code: 500358) issued to promoters on a preferential basis following warrant conversion. Trading commences on February 3, 2026. The shares are subject to lock-in until August 29, 2027.
Key Points
- 12,54,750 equity shares of Rs. 10/- each issued at par value
- Issued to promoters on preferential basis pursuant to warrant conversion
- Shares rank pari-passu with existing equity shares
- Distinctive Numbers: 10469401 to 11724150
- ISIN: INE783A01013
- Date of allotment: March 26, 2025
- Issue price: Rs. 10/- per share
Regulatory Changes
No regulatory changes introduced. This is a standard listing notification for preferential allotment.
Compliance Requirements
- Trading members are informed of the new securities listing
- All 12,54,750 shares are subject to mandatory lock-in requirements
- Shares cannot be transferred or traded until lock-in expiry
Important Dates
- Date of Allotment: March 26, 2025
- Trading Commencement: February 3, 2026
- Lock-in Expiry: August 29, 2027
Impact Assessment
Minimal immediate market impact as all shares are locked-in until August 2027. The preferential allotment to promoters increases promoter holding but does not affect free float until lock-in expiry. No immediate trading volume impact expected.
Impact Justification
Routine listing of preferential shares issued to promoters with standard lock-in period; limited market impact as shares are locked until August 2027