Description
BSE lists 39,55,062 new equity shares of North Eastern Carrying Corporation Limited (Scrip Code 534615) issued on preferential basis to promoters via warrant conversion, effective March 10, 2026.
Summary
BSE has listed 39,55,062 new equity shares of North Eastern Carrying Corporation Limited (Scrip Code: 534615, ISIN: INE553C01016), permitting trading effective Tuesday, March 10, 2026. The shares were issued at a premium of Rs. 22.05/- each (issue price Rs. 32.05/-) to promoters on a preferential basis pursuant to conversion of warrants.
Key Points
- 39,55,062 equity shares of Rs. 10/- face value issued at a premium of Rs. 22.05/- (total issue price Rs. 32.05/-)
- Shares issued to promoters on a preferential basis via conversion of warrants
- New shares rank pari-passu with existing equity shares
- Distribution numbers: 96044939 to 100000000
- Date of allotment: August 28, 2024
- Trading permitted from March 10, 2026
Regulatory Changes
No regulatory changes. This is a standard listing notification pursuant to a completed preferential allotment.
Compliance Requirements
Trading members are informed that the new securities are listed and may be traded from the effective date. The shares are subject to a lock-in period and cannot be traded until the lock-in expires.
Important Dates
- Date of Allotment: August 28, 2024
- Trading Effective From: March 10, 2026
- Lock-in Expiry: September 30, 2027 (applicable to all 39,55,062 shares, Dist. Nos. 96044939–100000000)
Impact Assessment
This listing is a routine administrative action following a previously completed preferential allotment to promoters. The shares are under lock-in until September 30, 2027, so there is no immediate supply impact on the market. Existing shareholders are unaffected in terms of voting or dividend rights as the new shares rank pari-passu. Overall market impact is minimal.
Impact Justification
Routine listing of new shares from a completed preferential allotment to promoters via warrant conversion; limited broader market impact.