Description

BSE notifies listing and trading permission for 28,00,000 new equity shares of Modern Dairies Ltd. issued to promoters on preferential basis via warrant conversion, effective April 23, 2026.

Summary

BSE has notified trading members that 28,00,000 new equity shares of Modern Dairies Ltd. (Scrip Code: 519287) are listed and permitted to trade on the Exchange with effect from Thursday, April 23, 2026. The shares were issued to promoters on a preferential basis pursuant to conversion of warrants at an issue price of Rs. 50/- per share (Rs. 10/- face value + Rs. 40/- premium).

Key Points

  • 28,00,000 equity shares of Rs. 10/- each issued at a premium of Rs. 40/- (issue price Rs. 50/-) to promoters via preferential allotment
  • Shares issued pursuant to conversion of warrants
  • New shares rank pari-passu with existing equity shares
  • ISIN: INE617B01011
  • Distribution numbers: 25696762 to 28496761
  • Allotment done in two tranches: 12,00,000 shares on 26/02/2026 and 16,00,000 shares on 27/02/2026
  • All 28,00,000 new shares are subject to lock-in until 29/11/2027

Regulatory Changes

No regulatory changes. This is a company-specific listing notice under BSE’s Listing Operations department.

Compliance Requirements

  • Trading members are informed to note the new securities available for trading from April 23, 2026
  • The shares carry a lock-in restriction until 29/11/2027 and cannot be traded by the promoters during this period

Important Dates

  • Allotment Date 1: 26/02/2026 — 12,00,000 shares (Dist. Nos. 25696762 to 26896761)
  • Allotment Date 2: 27/02/2026 — 16,00,000 shares (Dist. Nos. 26896762 to 28496761)
  • Trading Commencement: April 23, 2026
  • Lock-in Expiry: 29/11/2027

Impact Assessment

The listing of 28,00,000 new equity shares represents a preferential allotment to promoters, increasing the total share capital of Modern Dairies Ltd. This dilutes existing public shareholders proportionally. Since the shares are locked in until November 2027, there is no immediate selling pressure from the promoter side. The issue price of Rs. 50/- per share provides a reference point for market valuation. Overall market impact is limited to existing shareholders of Modern Dairies Ltd.

Impact Justification

Company-specific listing notice for new shares via preferential allotment to promoters; affects existing shareholders through dilution but limited broader market impact.