Description
BSE circular detailing lock-in arrangements for equity shares of Shanti Gold International Limited with various lock-in periods ranging from August 2025 to August 2028.
Summary
BSE has issued lock-in details for equity shares of Shanti Gold International Limited. The circular specifies lock-in arrangements for different categories of shares with varying lock-in periods, covering over 7.2 crore shares with lock-in periods ranging from August 2025 to August 2028.
Key Points
- Total shares under lock-in: Approximately 5.94 crore shares
- Public IPO shares (1.27 crore): Not under lock-in
- Multiple lock-in categories with different expiry dates
- All shares are in demat form
- Lock-in effective from July 30, 2025
Regulatory Changes
No regulatory changes introduced. This is a standard listing circular providing lock-in details as per existing SEBI regulations.
Compliance Requirements
- Locked-in shareholders cannot trade their shares until respective lock-in periods expire
- Company and depositories must ensure lock-in restrictions are properly implemented
- Shareholders must comply with lock-in provisions as specified
Important Dates
- Lock-in commencement: July 30, 2025
- Short-term lock-in expiry: August 28, 2025 and October 27, 2025
- Medium-term lock-in expiry: February 5, 2026 and August 5, 2026
- Long-term lock-in expiry: August 5, 2028
- IPO public shares: No lock-in applicable
Impact Assessment
Medium impact on Shanti Gold International Limited shareholders. The lock-in arrangements will restrict trading liquidity for approximately 82% of total shares for varying periods. Short-term restrictions affect smaller tranches while majority of promoter/pre-IPO shares remain locked for 1-3 years, which is standard for newly listed companies.
Impact Justification
Standard listing circular with lock-in details for a newly listed company affecting specific shareholder categories