Description
BSE lists 678,000 new equity shares of Power & Instrumentation (Gujarat) Limited (Scrip Code 543912) issued to promoters on preferential basis via warrant conversion, effective April 21, 2026.
Summary
BSE has listed 678,000 new equity shares of Power & Instrumentation (Gujarat) Limited (Scrip Code: 543912, ISIN: INE557Z01018) for trading effective Tuesday, April 21, 2026. The shares were issued to promoters on a preferential basis at Rs. 83.75/- per share (face value Rs. 10/- + premium Rs. 73.75/-) pursuant to conversion of warrants.
Key Points
- 678,000 equity shares of Rs. 10/- each issued at a premium of Rs. 73.75/- (issue price Rs. 83.75/-)
- Shares issued to Promoters on a preferential basis via warrant conversion
- New shares rank pari-passu with existing equity shares
- Distribution numbers: 18022901 to 18700900
- Date of allotment: January 31, 2026
- ISIN: INE557Z01018
Regulatory Changes
No regulatory changes. This is a routine listing notice following a preferential allotment.
Compliance Requirements
Trading members are informed that these securities are now listed and permitted to trade. The 678,000 shares are subject to a lock-in period and cannot be freely traded by the promoters until the lock-in expiry date.
Important Dates
- Date of Allotment: January 31, 2026
- Effective Trading Date: April 21, 2026
- Lock-in Expiry: October 25, 2027 (for all 678,000 shares, dist. nos. 18022901 to 18700900)
Impact Assessment
Limited market impact. The addition of 678,000 shares increases the total share count of Power & Instrumentation (Gujarat) Limited but these shares are locked in until October 2027, so there is no immediate dilution effect on the open market. Existing shareholders should note the promoter stake increase via warrant conversion.
Impact Justification
Routine listing of preferentially allotted shares from warrant conversion for a single company; no broad market or regulatory impact.