Description
BSE lists 2,50,000 new equity shares of Marble City India Limited issued on preferential basis via conversion of warrants, effective February 27, 2026.
Summary
BSE has listed 2,50,000 new equity shares of Marble City India Limited (Scrip Code: 531281) effective Friday, February 27, 2026. The shares were issued at a premium to non-promoters on a preferential basis pursuant to the conversion of warrants.
Key Points
- 2,50,000 equity shares of Rs. 5/- each issued at a premium of Rs. 95.50/- per share
- Issue price: Rs. 100.50/- per share
- Issued to non-promoters on a preferential basis via conversion of warrants
- Shares rank pari-passu with existing equity shares
- ISIN: INE807H01023
- Distribution numbers: 23325109 to 23575108
Regulatory Changes
No regulatory changes introduced. This is a standard listing notification pursuant to preferential allotment under existing SEBI regulations governing warrant conversion.
Compliance Requirements
- Trading members are informed to permit trading in these securities from February 27, 2026
- Lock-in restrictions apply to all 2,50,000 shares (Dist. Nos. 23325109 to 23575108) until August 31, 2026
- Holders of locked-in shares must comply with lock-in conditions until the expiry date
Important Dates
- Date of Allotment: May 19, 2025
- Trading Effective Date: February 27, 2026
- Lock-in Expiry: August 31, 2026
Impact Assessment
The listing adds 2,50,000 equity shares to the tradeable float of Marble City India Limited, though the entire tranche remains under lock-in until August 31, 2026, meaning no immediate increase in free-float liquidity. Market impact is minimal given the small share count and lock-in restriction. The preferential allotment at Rs. 100.50/- per share represents the conversion price for warrant holders.
Impact Justification
Routine listing of new equity shares from preferential allotment via warrant conversion for a small-cap company; limited broader market impact.