Description
BSE announces listing of 3 crore equity shares of MBL Infrastructure Ltd issued to promoters under NCLT approved resolution plan, effective August 8, 2025.
Summary
BSE has approved the listing of 3,00,00,000 new equity shares of MBL Infrastructure Ltd (Scrip Code: 533152) issued to promoters on a preferential basis. The shares are part of an NCLT-approved resolution plan under the Insolvency and Bankruptcy Code 2016 and will commence trading on August 8, 2025.
Key Points
- 3 crore equity shares of Rs. 10/- each listed for trading
- Issued to promoters under NCLT Kolkata Bench approved resolution plan
- Shares rank pari-passu with existing equity shares
- Issue price: Rs. 10 per share
- Date of allotment: May 30, 2025
- ISIN: INE912H01013
Regulatory Changes
No regulatory changes introduced. This is a standard listing notification under existing BSE listing procedures for securities issued under insolvency resolution plans.
Compliance Requirements
- Trading members must note the new securities for trading purposes
- Lock-in restrictions apply to all 3 crore shares until August 31, 2026
- Standard compliance requirements for preferential allotment shares apply
Important Dates
- Allotment Date: May 30, 2025
- Trading Commencement: August 8, 2025
- Lock-in Period End: August 31, 2026
- Distinguished Numbers: 122529257 to 152529256
Impact Assessment
Medium impact on MBL Infrastructure Ltd shareholders and trading. The addition of 3 crore shares represents significant dilution, though shares are locked-in for over a year. The preferential allotment to promoters under insolvency resolution indicates company restructuring completion, potentially positive for operational stability.
Impact Justification
New equity listing under insolvency resolution with significant lock-in affecting 3 crore shares