Description
BSE notifies listing and trading permission for 22,20,000 new equity shares of Rudra Ecovation Limited issued to promoters on a preferential basis via conversion of warrants, effective February 26, 2026.
Summary
BSE has notified trading members that 22,20,000 new equity shares of Rudra Ecovation Limited (Scrip Code: 514010) are listed and permitted to trade on the Exchange effective Thursday, February 26, 2026. The shares were issued to promoters on a preferential basis pursuant to the conversion of warrants at an issue price of Rs. 48.00 per share.
Key Points
- 22,20,000 equity shares of Rs. 1/- face value each issued at a premium of Rs. 47.00 per share
- Issued to Promoters on a preferential basis via conversion of warrants
- Shares rank pari-passu with existing equity shares of the company
- Distribution numbers: 116058001 to 118278000
- ISIN: INE723D01021
- All 22,20,000 shares are subject to lock-in until November 1, 2027
Regulatory Changes
No regulatory changes. This is a standard listing notification under BSE procedures for newly allotted securities.
Compliance Requirements
- Trading members are informed that these securities are now available for trading from February 26, 2026
- The locked-in shares (116058001 to 118278000) cannot be traded until November 1, 2027
Important Dates
- Date of Allotment: January 9, 2026
- Listing / Trading Effective Date: February 26, 2026
- Lock-in Expiry Date: November 1, 2027
Impact Assessment
The listing adds 22,20,000 new equity shares to the tradable pool of Rudra Ecovation Limited; however, since all newly listed shares are promoter-held and locked in until November 2027, there is no immediate increase in free-float or liquidity. Market impact is expected to be minimal in the near term.
Impact Justification
Routine listing of promoter-allotted shares via warrant conversion for a small-cap company. Shares are subject to lock-in until November 2027, limiting immediate market impact.