Description
BSE lists 39,00,000 new equity shares of Suditi Industries Limited for trading effective May 6, 2026, issued to promoters on preferential basis via warrant conversion.
Summary
BSE has listed 39,00,000 new equity shares of Suditi Industries Limited (Scrip Code: 521113) for trading effective Wednesday, May 6, 2026. These shares were issued to promoters on a preferential basis at Rs. 27.50/- per share (face value Rs. 10/- + premium of Rs. 17.50/-) pursuant to the conversion of warrants allotted on March 9, 2026.
Key Points
- 39,00,000 equity shares of Rs. 10/- each issued at a premium of Rs. 17.50/- (total issue price Rs. 27.50/-)
- Issued to promoters on a preferential basis via conversion of warrants
- Shares rank pari-passu with existing equity shares of the company
- ISIN: INE691D01012
- Distribution numbers: 43216292 to 47116291
- Trading permitted from May 6, 2026
Regulatory Changes
No regulatory changes. This is a routine listing notification following completion of a preferential allotment.
Compliance Requirements
Trading members of BSE are informed of the new securities and may trade them from the effective date. No specific compliance action is required from trading members beyond awareness of the new listing.
Important Dates
- Date of Allotment: March 9, 2026
- Effective Date of Trading: May 6, 2026 (Wednesday)
- Lock-in Period Expiry: November 20, 2027 (all 39,00,000 shares locked in until this date)
Impact Assessment
The listing adds 39,00,000 shares to the tradeable equity of Suditi Industries Limited, though all new shares are subject to lock-in until November 20, 2027, meaning they will not be available for open market trading during this period. The immediate market impact is minimal as the shares are locked in. The preferential allotment to promoters increases promoter holding in the company.
Impact Justification
Routine listing of new equity shares issued on preferential basis to promoters via warrant conversion; standard lock-in applies and shares are pari-passu with existing equity.