Piccadily Agro's ₹212 Cr CCD Conversion Shares Listed on NSE, BSE
Piccadily Agro Industries has successfully completed its ₹211.99 crore capital raising through the conversion of 28.49 lakh CCDs into equity shares at ₹744 per share. The newly issued shares have received official trading approval from both NSE and BSE and commenced trading from December 26, 2025, with major participation from institutional investors including Authum Investment and Infrastructure Limited.
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Piccadily Agro Industries Limited has successfully completed its ₹211.99 crore fundraising through the conversion of 28.49 lakh Compulsorily Convertible Debentures (CCDs) into equity shares, with the newly issued shares now officially listed and trading on both NSE and BSE from December 26, 2025.
CCD Conversion Details
The conversion process involved transforming CCDs into equity shares at a predetermined price, marking a significant milestone in the company's capital structure enhancement.
| Parameter: | Details |
|---|---|
| Total CCDs Converted: | 28,49,448 |
| Conversion Price: | ₹744 per share |
| Total Amount Raised: | ₹211.99 crore |
| Distinctive Numbers: | 95655122 to 98504569 |
Official Listing and Trading Approval
Following regulatory compliance, both NSE and BSE granted trading approval on December 24, 2025, with the shares commencing trading from December 26, 2025. The listing was executed under preferential basis pursuant to the conversion of compulsory convertible debentures.
Impact on Share Capital Structure
The conversion has substantially increased the company's equity base and paid-up capital:
| Particulars: | Before Conversion | After Conversion |
|---|---|---|
| Number of Shares: | 9,50,11,321 | 9,78,60,769 |
| Share Capital Value: | ₹95.01 crore | ₹97.86 crore |
Major Allottees and Investor Participation
Authum Investment and Infrastructure Limited emerged as the largest participant, receiving 4,03,225 shares worth approximately ₹30 crore. Other significant allottees included Discovery Global Opportunity (Mauritius) Ltd with 3,49,462 shares, Alchemy Emerging Leaders of Tomorrow with 2,35,215 shares, and individual investors Lashit Sanghvi and Neha L Sanghvi, each receiving 2,15,053 shares.
Regulatory Compliance and Share Rights
The entire process was conducted in accordance with SEBI regulations and the Postal Ballot dated July 30, 2024. The newly allotted equity shares carry full voting and dividend rights, ranking pari-passu with existing equity shares in all respects.
Strategic Implications
This successful conversion and subsequent listing demonstrates strong investor confidence in Piccadily Agro's business prospects. The ₹211.99 crore capital infusion strengthens the company's financial position and provides resources for operational expansion and growth initiatives in the agro-industry sector.
Historical Stock Returns for Piccadily Agro Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.27% | -0.72% | -2.79% | +0.29% | -14.06% | -4.47% |
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