Description

BSE lists 15,96,450 new equity shares of Rama Petrochemicals Ltd. issued to promoters on a preferential basis pursuant to conversion of warrants, effective February 27, 2026.

Summary

BSE has listed 15,96,450 new equity shares of Rama Petrochemicals Ltd. (Scrip Code: 500358) for trading effective 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), ranking pari-passu with existing equity shares.

Key Points

  • 15,96,450 equity shares of Rs. 10/- each issued at par to promoters on preferential basis
  • Issued pursuant to conversion of warrants
  • Shares rank pari-passu with existing equity shares
  • Distribution numbers: 11724151 to 13320600
  • Date of allotment: January 23, 2026
  • Issue price: Rs. 10/- per share
  • ISIN: INE783A01013
  • All 15,96,450 shares are subject to lock-in until September 30, 2027

Regulatory Changes

No new regulatory changes. This is a standard listing notification under BSE listing requirements for newly allotted securities.

Compliance Requirements

  • Trading members are informed that the new securities are listed and permitted to trade from February 27, 2026
  • Lock-in restrictions apply to all 15,96,450 shares (Dist. Nos. 11724151 to 13320600) until September 30, 2027; these shares cannot be traded during the lock-in period

Important Dates

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

Impact Assessment

The listing increases the total share count of Rama Petrochemicals Ltd. by 15,96,450 shares. Since all newly listed shares are locked in until September 30, 2027, there is no immediate increase in free-float or market liquidity. The preferential allotment to promoters at par (Rs. 10/-) may indicate a dilutive effect on existing shareholders depending on the prevailing market price. Overall market impact is low given the lock-in and the routine nature of the transaction.

Impact Justification

Routine listing of new equity shares issued via preferential allotment to promoters on warrant conversion. Shares are locked in until September 2027, limiting immediate market impact. Affects only one company with a relatively small share count.