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 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
- Shares issued to non-promoters on preferential basis
- Trading commences on August 22, 2025
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 10135574 to 20000000
- ISIN: INE498D01012
Regulatory Changes
No regulatory changes introduced. This is a standard listing notification for preferential allotment.
Compliance Requirements
- Trading members informed of new securities availability
- Lock-in period compliance required until March 31, 2027
- Standard listing procedures and trading rules apply
Important Dates
- Date of Allotment: July 3, 2025
- Trading Commencement: August 22, 2025
- Lock-in Period Ends: March 31, 2027
Impact Assessment
Minimal market impact expected as this is a routine preferential allotment to non-promoters. The shares are subject to a standard lock-in period of approximately 20 months, preventing immediate trading by allottees. The issue represents capital raising activity by Deccan Bearings Ltd. for business expansion or operational requirements.
Impact Justification
Routine listing of preferential shares with standard lock-in period, limited market impact