Description

BSE notifies listing of 3,87,000 new equity shares of Commercial Syn Bags Limited, issued to Promoters on a preferential basis via conversion of warrants, effective May 11, 2026.

Summary

BSE has notified trading members that 3,87,000 new equity shares of Commercial Syn Bags Limited (Scrip Code: 539986) are listed and permitted to trade on the Exchange with effect from Monday, May 11, 2026. These shares were issued to Promoters on a preferential basis pursuant to the conversion of warrants at an issue price of Rs. 72.00/- per share (face value Rs. 10/- + premium Rs. 62/-).

Key Points

  • Company: Commercial Syn Bags Limited (Scrip Code: 539986)
  • New Shares: 3,87,000 equity shares of Rs. 10/- each, issued at a premium of Rs. 62/-
  • Issue Price: Rs. 72.00/- per share
  • Allotment Type: Preferential basis to Promoters via conversion of warrants
  • ISIN: INE073V01015
  • Distribution Numbers: 39952201 to 40339200
  • Pari-passu: New shares rank pari-passu with existing equity shares
  • Trading Effective From: Monday, May 11, 2026

Regulatory Changes

No regulatory changes. This is a standard listing notice for newly allotted securities.

Compliance Requirements

Trading members are informed to permit these new securities for trading from May 11, 2026. The allotted shares are subject to a lock-in period and cannot be freely traded by the Promoters until the lock-in expires.

Important Dates

  • Date of Allotment: 30 March 2026
  • Effective Trading Date: 11 May 2026
  • Lock-in Expiry: 29 November 2027 (all 3,87,000 shares, Dist. Nos. 39952201 to 40339200)

Impact Assessment

The listing adds 3,87,000 shares to the tradable float of Commercial Syn Bags Limited, though these shares are under lock-in until November 2027, so there is no immediate increase in free-float. The preferential allotment to Promoters at Rs. 72/- per share indicates Promoter confidence in the company. Market impact is expected to be minimal given the lock-in restriction and the relatively small number of shares involved.

Impact Justification

Routine listing of preferentially allotted shares from warrant conversion for a small-cap company; shares are locked in until November 2027, limiting immediate market impact.