Description
BSE approves listing of 79,52,239 equity shares of Deccan Bearings Ltd issued on preferential basis to non-promoters, effective August 18, 2025.
Summary
BSE has approved the listing of 79,52,239 new equity shares of Deccan Bearings Ltd (Scrip Code: 505703) issued to non-promoters on a preferential basis. The shares will commence trading from Monday, August 18, 2025.
Key Points
- 79,52,239 equity shares of Rs. 10/- each issued at par value
- Shares issued to non-promoters on preferential basis
- New shares rank pari-passu with existing equity shares
- Distribution numbers: 2183335 to 10135573
- ISIN: INE498D01012
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
- Trading members informed of new securities listing
- Lock-in restrictions apply as per specified schedule
- Shares subject to standard listing compliance requirements
Important Dates
- Allotment Date: June 28, 2025
- Trading Commencement: August 18, 2025
- Lock-in Period End: March 31, 2026 (50,52,239 shares) and March 31, 2027 (29,00,000 shares)
Impact Assessment
The preferential allotment represents significant equity dilution for existing shareholders. The lock-in provisions ensure gradual market release, with majority shares (50.52 lakh) locked until March 2026 and remaining 29 lakh shares until March 2027. This structured release may help manage market impact of the new supply.
Impact Justification
Significant equity dilution through preferential allotment but limited to single company