Description

BSE notice for listing of 79,52,239 new equity shares of Deccan Bearings Ltd issued on preferential basis to non-promoters.

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
  • Shares rank pari-passu with existing equity shares
  • Distribution numbers: 2183335 to 10135573
  • ISIN: INE498D01012

Regulatory Changes

No regulatory changes introduced in this circular.

Compliance Requirements

  • Trading members must comply with lock-in provisions for the new shares
  • Shares subject to different lock-in periods based on distribution numbers

Important Dates

  • Allotment Date: June 28, 2025
  • Trading Commencement: August 18, 2025
  • Lock-in expiry for 50,52,239 shares: March 31, 2026
  • Lock-in expiry for 29,00,000 shares: March 31, 2027

Impact Assessment

Minimal market impact as this is a routine listing of preferentially allotted shares. The lock-in provisions ensure controlled supply in the market over the next 1-2 years.

Impact Justification

Routine listing of preferential shares with standard lock-in provisions