Description
BSE announces listing of 79.5 lakh new equity shares of Cura Technologies Limited effective August 28, 2025 following merger and resolution plan.
Summary
BSE has approved the listing of 79,50,000 new equity shares of Cura Technologies Limited (Scrip Code: 532332) effective from Thursday, August 28, 2025. The shares comprise 72 lakh shares from a merger scheme and 7.5 lakh preferential shares issued under an NCLT-approved resolution plan.
Key Points
- Total new shares: 79,50,000 equity shares of Rs. 10/- each
- 72,00,000 shares allotted pursuant to merger with Catalog IT Solutions Private Limited
- 7,50,000 shares issued to Successful Resolution Applicant and Strategic Investors on preferential basis
- All shares rank pari-passu with existing equity shares
- Issue price: Rs. 10/- per share
- ISIN: INE117B01020
Regulatory Changes
No regulatory framework changes. Standard listing procedure following NCLT-approved corporate restructuring.
Compliance Requirements
- Trading members must update their systems for the new share capital
- Lock-in restrictions apply to 7.5 lakh preferential shares until August 31, 2026
- No lock-in for merger-related shares
Important Dates
- Trading Start Date: August 28, 2025
- Merger Shares Allotment: February 13, 2025
- Preferential Shares Allotment: June 21, 2025
- Lock-in Expiry: August 31, 2026 (for preferential shares)
Impact Assessment
Significant equity dilution for existing shareholders with nearly 80 lakh new shares entering the market. The preferential allotment represents fresh capital infusion under IBC resolution process, potentially strengthening the company’s financial position. Lock-in on preferential shares provides some stability until August 2026.
Impact Justification
Significant equity dilution through new share issuance but limited to one company