Description
BSE announces listing of 98,64,427 new equity shares of Deccan Bearings Ltd. issued on preferential basis to non-promoters, effective August 22, 2025.
Summary
BSE has announced the listing of 98,64,427 new equity shares of Deccan Bearings Ltd. (Scrip Code: 505703) issued on a preferential basis to non-promoters. The shares will be available for trading from Friday, August 22, 2025, and are subject to a lock-in period until March 31, 2027.
Key Points
- 98,64,427 equity shares of Rs. 10/- each issued at par value
- Issued to non-promoters on preferential basis
- Shares rank pari-passu with existing equity shares
- Trading commences August 22, 2025
- Distribution numbers: 10135574 to 20000000
- ISIN: INE498D01012
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must note the new securities are available for trading
- Lock-in restrictions apply until March 31, 2027
- All shares subject to standard equity trading regulations
Important Dates
- Allotment Date: July 3, 2025
- Trading Start Date: August 22, 2025
- Lock-in Period Ends: March 31, 2027
Impact Assessment
This preferential allotment increases Deccan Bearings’ equity base by nearly 1 crore shares. The lock-in period until March 2027 provides stability by preventing immediate selling pressure from allottees. The issue at par value indicates confidence in the company’s prospects while providing capital for business expansion.
Impact Justification
Standard equity listing with lock-in period affecting company's share capital structure