Description

BSE lists 1,05,00,000 new equity shares of Bhatia Communications & Retail (India) Limited (Scrip Code: 540956) arising from preferential allotment via conversion of warrants, effective May 4, 2026.

Summary

BSE has notified trading members that 1,05,00,000 new equity shares of Rs. 1/- each of Bhatia Communications & Retail (India) Limited (Scrip Code: 540956, ISIN: INE341Z01025) are listed and permitted to trade on the Exchange effective Monday, May 4, 2026. These shares were issued at a premium of Rs. 22.75/- (issue price Rs. 23.75/-) to Promoter and Non-Promoter categories on a preferential basis pursuant to conversion of warrants.

Key Points

  • New shares listed: 1,05,00,000 equity shares of Rs. 1/- face value
  • Issue price: Rs. 23.75/- per share (face value Rs. 1/- + premium Rs. 22.75/-)
  • Allotment basis: Preferential allotment via conversion of warrants to Promoter and Non-Promoter
  • Pari-passu: New shares rank equally with existing equity shares
  • Distribution numbers: 130152001 to 140652000
  • Date of allotment: 09 March 2024
  • ISIN: INE341Z01025

Regulatory Changes

No regulatory changes. This is a standard listing notification for newly allotted shares.

Compliance Requirements

Trading members are informed that these securities are now listed and eligible for trading. Lock-in restrictions apply to the full 1,05,00,000 shares as detailed below; trading in locked-in shares is restricted until the respective lock-in expiry dates.

Important Dates

  • Trading commencement: Monday, May 4, 2026
  • Date of allotment: 09 March 2024
  • Lock-in expiry (50,00,000 shares; Dist. Nos. 130152001–135152000): 31 December 2027
  • Lock-in expiry (55,00,000 shares; Dist. Nos. 135152001–140652000): 31 December 2026

Impact Assessment

The listing increases the total share capital of Bhatia Communications & Retail (India) Limited. The preferential allotment at Rs. 23.75/- per share is a fixed-price transaction already completed (allotment date: 09/03/2024). All newly issued shares carry lock-in obligations (partial until end-2026, remainder until end-2027), limiting near-term selling pressure from these specific shares. Impact is limited to existing and prospective shareholders of Scrip Code 540956; no broader market or sectoral implications.

Impact Justification

Routine listing of new equity shares from preferential warrant conversion for a single mid/small-cap company; no regulatory changes or broad market implications.