Description

19,962,358 equity shares of Rs. 10/- each listed pursuant to Composite Scheme of Arrangement between Antelopus Energy Private Limited and Antelopus Selan Energy Ltd.

Summary

BSE has approved the listing of 19,962,358 equity shares of Rs. 10/- each of Antelopus Selan Energy Ltd (formerly Selan Exploration Technology Ltd, Scrip Code: 530075). The shares were issued pursuant to a Composite Scheme of Arrangement between Antelopus Energy Private Limited and Antelopus Selan Energy Ltd and their respective shareholders and creditors. Trading will commence on October 8, 2025.

Key Points

  • 19,962,358 new equity shares of face value Rs. 10/- each approved for listing
  • Scrip Code: 530075
  • ISIN: INE818A01017
  • Distinctive Numbers: 21274278 to 41236635
  • Shares issued under Composite Scheme of Arrangement between Antelopus Energy Private Limited and Antelopus Selan Energy Ltd
  • Company name changed from Selan Exploration Technology Ltd to Antelopus Selan Energy Ltd

Regulatory Changes

No new regulatory changes. Standard listing procedure following corporate restructuring via scheme of arrangement.

Compliance Requirements

  • Trading members informed of new securities listing
  • New shares available for trading on BSE platform from effective date
  • All trading members must update their systems to reflect additional shares

Important Dates

  • Allotment Date: August 12, 2025
  • Trading Commencement Date: Wednesday, October 8, 2025
  • Notice Date: October 7, 2025

Impact Assessment

The listing adds approximately 20 million shares to the existing equity base of Antelopus Selan Energy Ltd, representing a significant dilution or expansion depending on the pre-scheme capital structure. This follows a corporate restructuring through merger/demerger involving Antelopus Energy Private Limited. The two-month gap between allotment (August 12) and trading commencement (October 8) suggests regulatory approval processes were completed. Investors should monitor for potential price volatility and increased trading volumes as the new shares enter the market. The scheme of arrangement typically involves transfer of assets, liabilities, or undertakings between entities, which may materially alter the company’s business profile.

Impact Justification

Listing of 19.96 million shares (~20 crore shares) pursuant to merger scheme may impact trading volumes and price discovery for existing shareholders