Description
BSE lists 2,51,39,620 new equity shares of Radhe Developers (India) Ltd (Scrip Code: 531273) issued to promoters on a preferential basis at Rs. 2.55/- per share, effective February 27, 2026. Shares are locked in until September 29, 2027.
Summary
BSE has listed 2,51,39,620 new equity shares of Radhe Developers (India) Ltd (Scrip Code: 531273, ISIN: INE986B01044) issued to promoters on a preferential basis at an issue price of Rs. 2.55/- per share. These shares are permitted to trade on the Exchange effective Friday, February 27, 2026, and rank pari-passu with the existing equity shares of the company.
Key Points
- Quantity: 2,51,39,620 equity shares of face value Rs. 1/- each, issued at a premium of Rs. 1.55/-
- Issue Price: Rs. 2.55/- per share
- Issued To: Promoters on a preferential basis
- ISIN: INE986B01044
- Distribution Numbers: 523741921 to 548881540
- Date of Allotment: February 2, 2026
- Trading Commencement: February 27, 2026
- Lock-in: All 2,51,39,620 shares locked in until September 29, 2027
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No new regulatory changes introduced. This is a standard listing notification under BSE’s procedures for new securities arising from preferential allotment.
Compliance Requirements
- Trading members are informed that the new securities are listed and permitted to trade from February 27, 2026
- The lock-in restriction on all allotted shares must be observed until September 29, 2027; these shares cannot be traded during the lock-in period
Important Dates
| Event | Date |
|---|---|
| Date of Allotment | February 2, 2026 |
| Trading Commencement | February 27, 2026 |
| Lock-in Expiry | September 29, 2027 |
Impact Assessment
This is a routine listing circular with low immediate market impact. The entire allotment of 2,51,39,620 shares is subject to lock-in until September 2027, meaning no additional supply will enter the market from these shares in the near term. The preferential allotment to promoters may slightly increase promoter holding percentage in Radhe Developers (India) Ltd. Existing shareholders should note the dilution in their shareholding percentage due to the new share issuance.
Impact Justification
Routine listing of promoter-allotted preferential shares for a small-cap company; shares are locked in until 2027, limiting immediate market impact.