Description

BSE lists 15,96,450 new equity shares of Rama Petrochemicals Ltd. issued to promoters on a preferential basis via warrant conversion, effective February 27, 2026. Shares are subject to lock-in until September 30, 2027.

Summary

BSE has notified trading members that 15,96,450 new equity shares of Rama Petrochemicals Ltd. (Scrip Code: 500358) have been listed and are permitted to trade on the Exchange with effect from Friday, February 27, 2026. These shares were issued to promoters on a preferential basis pursuant to the conversion of warrants at par (Rs. 10/- per share) and are ranked pari-passu with the existing equity shares of the company.

Key Points

  • New Shares Listed: 15,96,450 equity shares of Rs. 10/- each, issued at par
  • Issued To: Promoters on a preferential basis via conversion of warrants
  • Trading Effective: Friday, February 27, 2026
  • Distribution Numbers: 11724151 to 13320600
  • Date of Allotment: January 23, 2026
  • Issue Price: Rs. 10/- per share
  • ISIN: INE783A01013
  • Ranking: Pari-passu with existing equity shares of the company
  • Lock-in: All 15,96,450 shares (Dist. Nos. 11724151 to 13320600) are locked in until September 30, 2027

Regulatory Changes

No new regulatory changes introduced. This circular is a standard listing notification following a preferential allotment and warrant conversion under existing SEBI regulations governing preferential issues.

Compliance Requirements

  • Trading members should update their records to reflect the new listed securities effective February 27, 2026.
  • The lock-in on all 15,96,450 shares must be observed until September 30, 2027; no trading of these shares by the allottee (promoters) is permitted during this period.

Important Dates

  • Date of Allotment: January 23, 2026
  • Trading Commencement: February 27, 2026
  • Lock-in Expiry: September 30, 2027

Impact Assessment

The listing of these preferential shares represents a modest expansion of Rama Petrochemicals Ltd.’s equity base. Since all newly listed shares are under lock-in until September 2027, there is no immediate dilution risk or selling pressure from the promoters. Market impact is expected to be minimal. Trading members should note the new distribution numbers and ISIN for settlement purposes.

Impact Justification

Routine listing of preferential allotment shares to promoters following warrant conversion. Lock-in until September 2027 limits near-term market impact. Affects only Rama Petrochemicals Ltd. shareholders and is a company-specific corporate action.