Description
BSE notifies trading members of the listing and trading permission for 15,96,450 new equity shares of Rama Petrochemicals Ltd. issued to promoters on a preferential basis via warrant conversion, effective February 27, 2026.
Summary
BSE has notified trading members that 15,96,450 new equity shares of Rama Petrochemicals Ltd. (Scrip Code: 500358, ISIN: INE783A01013) are listed and permitted to trade on the Exchange with effect from Friday, February 27, 2026. These shares were issued at par (Rs. 10/- each) to promoters on a preferential basis pursuant to the conversion of warrants, and rank pari-passu with the existing equity shares of the company.
Key Points
- Company: Rama Petrochemicals Ltd. (Scrip Code: 500358)
- Security Type: Equity shares of Rs. 10/- each, issued at par
- Number of Shares: 15,96,450
- Allottees: Promoters (preferential basis, warrant conversion)
- Distribution Numbers: 11724151 to 13320600
- ISIN: INE783A01013
- Pari-passu: These shares rank equally with existing equity shares
- Trading effective from: February 27, 2026
Regulatory Changes
No new regulatory changes introduced. This is a standard listing notice pursuant to an existing preferential allotment approval and warrant conversion.
Compliance Requirements
- Trading members are informed to update their records to reflect the new securities available for trading from February 27, 2026.
- The newly listed shares carry a lock-in restriction and cannot be freely traded until the lock-in expiry date.
Important Dates
| Event | Date |
|---|---|
| Date of Allotment | January 23, 2026 |
| Trading Commencement | February 27, 2026 |
| Lock-in Expiry (15,96,450 shares) | September 30, 2027 |
Impact Assessment
The addition of 15,96,450 shares to Rama Petrochemicals Ltd.’s equity base represents a moderate dilution for existing shareholders. Since these shares are allotted to promoters and are locked in until September 30, 2027, there is no immediate increase in free-float or liquidity impact on the market. The event is routine in nature and has limited broader market significance.
Impact Justification
Routine listing notice for a modest preferential allotment of equity shares to promoters via warrant conversion in a single mid/small-cap company. No systemic or broad market impact.