Description

BSE notifies listing and trading permission for 3,50,000 new equity shares of Kilburn Engineering Ltd issued on a preferential basis via conversion of warrants, effective February 24, 2026.

Summary

BSE has notified trading members that 3,50,000 new equity shares of Kilburn Engineering Ltd (Scrip Code: 522101, ISIN: INE338F01015) are listed and permitted to trade on the Exchange effective Tuesday, February 24, 2026. These shares were issued at a premium of Rs. 415/- (face value Rs. 10/-, issue price Rs. 425/-) to Promoters and Non-Promoters on a preferential basis pursuant to conversion of warrants. The new shares rank pari-passu with existing equity shares.

Key Points

  • 3,50,000 equity shares listed effective February 24, 2026
  • Issued at Rs. 425/- per share (Rs. 10/- face value + Rs. 415/- premium)
  • Issued on preferential basis via conversion of warrants to Promoters and Non-Promoters
  • New shares are pari-passu with existing equity shares
  • ISIN: INE338F01015
  • Two tranches allotted: 2,50,000 shares on 24/12/2025 and 1,00,000 shares on 31/12/2025
  • Distribution numbers: 51537859 to 51887858 (total 3,50,000 shares)
  • Lock-in applies to all 3,50,000 newly issued shares

Regulatory Changes

No regulatory changes. This is a standard listing notification under BSE procedures for newly allotted securities.

Compliance Requirements

  • Trading members are informed to note the new securities and their listing details
  • Lock-in restrictions must be observed — shares are not freely tradable until respective lock-in expiry dates
  • No action required from general investors beyond awareness of the increased share count

Important Dates

  • Date of Allotment (Tranche 1): December 24, 2025 — 2,50,000 shares (Dist. Nos. 51537859 to 51787858)
  • Date of Allotment (Tranche 2): December 31, 2025 — 1,00,000 shares (Dist. Nos. 51787859 to 51887858)
  • Trading Commencement: February 24, 2026
  • Lock-in Expiry (1,50,000 shares, Dist. Nos. 51537859–51687858): August 31, 2026
  • Lock-in Expiry (1,00,000 shares, Dist. Nos. 51687859–51787858): August 31, 2027
  • Lock-in Expiry (1,00,000 shares, Dist. Nos. 51787859–51887858): August 31, 2027

Impact Assessment

The listing of 3,50,000 new shares represents a modest equity dilution for existing shareholders of Kilburn Engineering Ltd. At an issue price of Rs. 425/-, the preferential allotment raised approximately Rs. 14.875 crore. Since all newly listed shares are subject to lock-in periods (until August 2026 or August 2027), there is no immediate increase in tradable float. Market impact is minimal in the near term. Longer-term, unlock events in August 2026 and August 2027 could introduce additional supply into the market.

Impact Justification

Routine listing notice for a modest 3.5 lakh preferential share allotment via warrant conversion in a small-cap company; limited broader market impact.