Description

57,90,000 equity shares of Manaksia Coated Metals & Industries Ltd issued on preferential basis pursuant to conversion of warrants listed and permitted to trade with effect from September 8, 2025.

Summary

BSE has listed 57,90,000 equity shares of Re. 1/- each of Manaksia Coated Metals & Industries Ltd (Scrip Code: 539046) issued at a premium of Rs. 64/- to Non-Promoters on a preferential basis pursuant to conversion of warrants. The new securities are permitted to trade on the Exchange with effect from Monday, September 8, 2025. These shares rank pari-passu with the existing equity shares of the company.

Key Points

  • 57,90,000 equity shares of Re. 1/- each issued at a premium of Rs. 64/-
  • Issued to Non-Promoters on preferential basis pursuant to warrant conversion
  • Shares are ranking pari-passu with old equity shares
  • Distinctive Numbers: 93634051 to 99424050
  • Date of Allotment: May 19, 2025
  • Issue Price: Rs. 65/- per share
  • ISIN: INE830Q01018
  • All shares subject to lock-in until March 31, 2026

Regulatory Changes

No regulatory changes introduced in this circular.

Compliance Requirements

  • Trading members are informed to note the listing of new securities
  • Lock-in restrictions apply to all 57,90,000 shares until March 31, 2026
  • Shares cannot be traded or transferred during the lock-in period except as permitted under applicable regulations

Important Dates

  • Allotment Date: May 19, 2025
  • Trading Commencement Date: September 8, 2025 (Monday)
  • Lock-in Period Ends: March 31, 2026

Impact Assessment

This is a routine listing notice with minimal market impact. The preferential allotment to non-promoters through warrant conversion represents a fundraising activity by the company. With all shares subject to lock-in until March 31, 2026, there will be no immediate trading impact or liquidity change. The shares rank pari-passu with existing equity, maintaining equal rights for all shareholders. This is standard corporate action following SEBI preferential allotment norms.

Impact Justification

Routine listing notice for preferential allotment of equity shares to non-promoters. Limited market impact as shares are locked in until March 2026.