Description
BSE lists 6,95,000 new equity shares of Citadel Realty And Developers Limited (Scrip Code 502445) for trading from April 30, 2026, issued on preferential basis via conversion of warrants.
Summary
BSE has listed 6,95,000 new equity shares of Citadel Realty And Developers Limited (Scrip Code: 502445) for trading effective April 30, 2026. The shares were issued at Rs. 50/- each (face value Rs. 10/- plus Rs. 40/- premium) to Promoters on a preferential basis pursuant to conversion of warrants.
Key Points
- 6,95,000 equity shares of Rs. 10/- each issued at a premium of Rs. 40/- (issue price Rs. 50/-) to Promoters
- Shares issued via preferential allotment through conversion of warrants
- New shares rank pari-passu with existing equity shares
- Distribution numbers: 8305001 to 9000000
- ISIN: INE906D01014
- All 6,95,000 shares are subject to lock-in until November 14, 2027
Regulatory Changes
No regulatory changes. This is a standard listing notice for newly allotted securities.
Compliance Requirements
- Trading members are informed to permit trading in these new securities from April 30, 2026
- Lock-in restrictions apply to all 6,95,000 shares (Dist. Nos. 8305001 to 9000000) until November 14, 2027; these shares cannot be traded during the lock-in period
Important Dates
- Date of Allotment: January 30, 2026
- Trading Commencement: April 30, 2026 (Thursday)
- Lock-in Expiry: November 14, 2027
Impact Assessment
Limited market impact. The addition of 6,95,000 shares increases the total share count of Citadel Realty And Developers Limited, resulting in minor dilution for existing shareholders. Since all new shares are under lock-in until November 2027, there is no immediate increase in tradable float. The preferential allotment to Promoters strengthens promoter holding temporarily until lock-in expiry.
Impact Justification
Routine listing of new shares from warrant conversion for a single company; limited broader market impact, affects only Citadel Realty shareholders and traders.