Description
72,77,776 equity shares of Mega Nirman & Industries Limited issued on preferential basis pursuant to conversion of warrants will be listed and available for trading from October 24, 2025.
Summary
BSE has approved the listing of 72,77,776 equity shares of Mega Nirman & Industries Limited (Scrip Code: 539767) issued to non-promoters on a preferential basis pursuant to warrant conversion. The shares will commence trading from October 24, 2025, and are subject to lock-in until April 30, 2026.
Key Points
- 72,77,776 equity shares of Rs. 10/- each issued at a premium of Rs. 5/- per share
- Shares issued to non-promoters on preferential basis through warrant conversion
- Issue price: Rs. 15/- per share
- Distribution numbers: 3347501 to 10625276
- Date of allotment: July 7, 2025
- ISIN: INE216Q01010
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
- Trading members must note the listing of new securities
- Lock-in restrictions apply to all 72,77,776 shares until April 30, 2026
- Shares cannot be transferred or traded by allottees during the lock-in period
Important Dates
- Date of Allotment: July 7, 2025
- Trading Commencement: October 24, 2025
- Lock-in Expiry: April 30, 2026
Impact Assessment
This is a routine listing notification with minimal market impact. The listing increases the total tradable shares of Mega Nirman & Industries Limited, though all newly listed shares are subject to lock-in restrictions until April 30, 2026. The preferential allotment to non-promoters at Rs. 15/- per share (Rs. 10/- face value + Rs. 5/- premium) through warrant conversion represents standard corporate action. Trading members should update their systems to reflect the increased share capital and lock-in constraints.
Impact Justification
Routine listing of preferential allotment shares with standard lock-in period affecting a single company