Description
BSE notifies listing of 66,10,007 new equity shares of Gayatri Sugars Ltd. issued on preferential basis to non-promoters pursuant to conversion of warrants, effective February 24, 2026.
Summary
BSE Notice No. 20260223-10 informs trading members that 66,10,007 new equity shares of Gayatri Sugars Ltd. (Scrip Code: 532183, ISIN: INE622E01023) are listed and permitted to trade on the Exchange effective Tuesday, February 24, 2026. These shares were issued on a preferential basis to non-promoters pursuant to conversion of warrants at face value (Rs. 10.00/- per share) and rank pari-passu with existing equity shares.
Key Points
- New shares listed: 66,10,007 equity shares of Rs. 10.00/- each, issued at par
- Allottee category: Non-Promoters (preferential allotment)
- Purpose: Conversion of warrants
- Distribution Nos.: 67693634 to 74303640
- Date of Allotment: January 11, 2025
- Issue Price: Rs. 10.00/- per share
- ISIN: INE622E01023
- Ranking: Pari-passu with existing equity shares of the company
- Trading effective from: Tuesday, February 24, 2026
Regulatory Changes
No new regulatory changes introduced. This is a standard listing notification pursuant to an earlier preferential allotment and warrant conversion already approved by the company.
Compliance Requirements
- Trading members are notified to update their records to reflect the new equity shares available for trading from February 24, 2026.
- The entire allotted quantity of 66,10,007 shares is subject to lock-in and cannot be freely traded until the lock-in expiry date.
Important Dates
| Event | Date |
|---|---|
| Date of Allotment | January 11, 2025 |
| BSE Notice Date | February 23, 2026 |
| Effective Trading Date | February 24, 2026 |
| Lock-in Expiry | September 15, 2026 |
Impact Assessment
The listing of 66,10,007 shares at Rs. 10.00/- face value represents a relatively modest equity expansion for Gayatri Sugars Ltd. Since the entire tranche is under lock-in until September 15, 2026, there is no immediate free-float impact or selling pressure in the near term. Trading members should note the new share block in the distribution range 67693634–74303640. Market impact is expected to be minimal given the lock-in restriction and the at-par issue price.
Impact Justification
Routine preferential allotment listing; trading members must be aware of new shares effective Feb 24, 2026, but the issuance is a small at-par allotment with lock-in until Sep 2026, limiting immediate market impact.