Piccadily Agro Industries Limited has informed the Exchange about BSE granted listing approval to 28,49,448 Equity shares converted from CCDs.
PICCADIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Piccadily Agro Industries Limited has received listing approval from BSE for 28,49,448 equity shares that were converted from Compulsorily Convertible Debentures (CCDs). This means these shares, which were originally issued as CCDs to certain investors, have now been converted into regular equity shares and are officially listed on BSE for trading. The conversion increases the company's outstanding equity share count. This is a routine post-conversion listing formality, confirming that the converted shares can now be freely traded on the exchange.
Share dilution increases as the equity share base expands by ~28.49 lakh shares, which may put mild pressure on the stock price in the short term. Existing shareholders should note the expanded share count and potential supply increase.