Description
BSE lists 6,610,007 new equity shares of Gayatri Sugars Ltd. for trading effective February 24, 2026, issued on a preferential basis to non-promoters via warrant conversion at par value of Rs. 10.
Summary
BSE Notice No. 20260223-10 informs trading members that 6,610,007 new equity shares of Gayatri Sugars Ltd. (Scrip Code: 532183) have been listed and are permitted to trade on the Exchange effective Tuesday, February 24, 2026. The shares were issued to non-promoters on a preferential basis pursuant to the conversion of warrants, at par value of Rs. 10 each, and rank pari-passu with existing equity shares.
Key Points
- Scrip Code: 532183 (Gayatri Sugars Ltd.)
- Number of Shares: 6,610,007 equity shares of Rs. 10.00 face value each
- Issue Basis: Preferential allotment to Non-Promoters via conversion of warrants
- Issue Price: Rs. 10.00 (at par)
- Distribution Numbers: 67693634 to 74303640
- Date of Allotment: January 11, 2025
- ISIN: INE622E01023
- Trading Commencement: February 24, 2026
- All newly listed shares rank pari-passu with existing equity shares of the company
Regulatory Changes
No new regulatory changes introduced. This is a standard listing notification under BSE’s securities admission framework for newly allotted shares.
Compliance Requirements
- Trading members are notified to update their systems to reflect the new securities available for trading from February 24, 2026.
- The entire block of 6,610,007 shares (Dist. Nos. 67693634 to 74303640) is subject to a lock-in restriction and may not be traded until the lock-in expiry date.
Important Dates
| Event | Date |
|---|---|
| Date of Allotment | January 11, 2025 |
| BSE Notice Date | February 23, 2026 |
| Trading Commencement | February 24, 2026 |
| Lock-in Expiry | September 15, 2026 |
Impact Assessment
The listing adds 6,610,007 shares to Gayatri Sugars Ltd.’s equity base under ISIN INE622E01023. However, since the full allotment is subject to a lock-in until September 15, 2026, there is no immediate increase in free-float. Post lock-in expiry, the incremental supply could exert mild downward pressure depending on promoter and non-promoter selling intent. The issue price of Rs. 10 at par may be significantly below prevailing market price, which could influence sentiment around the lock-in expiry date. Overall near-term market impact is moderate; medium-term dilution effect should be monitored.
Impact Justification
Routine preferential allotment listing increasing equity base; lock-in applies until September 2026 limiting immediate float impact, but adds over 6.6 million shares to the tradable universe from Feb 24.