Description

BSE notifies listing and trading permission for 5,74,319 new equity shares of Kesar India Limited issued to Non Promoters on preferential basis via conversion of warrants, effective April 13, 2026.

Summary

BSE has notified trading members that 5,74,319 new equity shares of Kesar India Limited (Scrip Code: 543542) are listed and permitted to trade on the Exchange effective Monday, April 13, 2026. These shares were issued to Non Promoters on a preferential basis pursuant to conversion of warrants at an issue price of Rs. 350/- per share (face value Rs. 10/- with a premium of Rs. 340/-).

Key Points

  • 5,74,319 equity shares of Rs. 10/- each issued at a premium of Rs. 340/- (issue price Rs. 350/-)
  • Issued to Non Promoters on preferential basis via conversion of warrants
  • Shares rank pari-passu with existing equity shares of the company
  • Distribution Numbers: 27998911 to 28573229
  • ISIN: INE0L1C01019
  • All 5,74,319 shares are under lock-in until October 14, 2026

Regulatory Changes

No regulatory changes. This is a standard listing notification under BSE’s listing operations for newly allotted securities.

Compliance Requirements

  • Trading members are informed of the new securities and their eligibility for trading from April 13, 2026
  • Lock-in restrictions apply to all 5,74,319 shares (Dist. Nos. 27998911–28573229) until October 14, 2026; trading in these shares is restricted until that date

Important Dates

  • Date of Allotment: February 28, 2026
  • Trading Commencement: April 13, 2026 (Monday)
  • Lock-in Expiry: October 14, 2026

Impact Assessment

The impact on the broader market is low. This is a routine listing of preferentially allotted shares following warrant conversion. The newly listed shares are fully locked in until October 14, 2026, meaning no immediate selling pressure from these shares. The issuance represents a modest increase in equity capital for Kesar India Limited (Scrip Code: 543542), and since the shares are pari-passu with existing equity, there is no change in voting or dividend rights structure.

Impact Justification

Routine listing notice for new equity shares issued via preferential allotment upon warrant conversion. Limited market impact as shares carry a lock-in period until October 2026 and are pari-passu with existing equity.