Description

4,972,500 equity shares of Manaksia Coated Metals & Industries Ltd listed on BSE with effect from October 30, 2025, issued pursuant to conversion of warrants on preferential basis.

Summary

BSE has approved the listing of 4,972,500 equity shares of Manaksia Coated Metals & Industries Ltd (Scrip Code: 539046) with effect from October 30, 2025. These shares were issued at Rs. 65/- per share (face value Rs. 1/- with premium of Rs. 64/-) to Non-Promoters on a preferential basis pursuant to conversion of warrants. The shares are subject to lock-in until April 29, 2026.

Key Points

  • 4,972,500 equity shares listed on BSE
  • Issue price: Rs. 65/- per share (face value Rs. 1/- + premium Rs. 64/-)
  • Issued to Non-Promoters on preferential basis through warrant conversion
  • Date of allotment: June 25, 2025
  • Trading commences: October 30, 2025
  • ISIN: INE830Q01018
  • Distinctive Numbers: 100179051 to 105151550
  • Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members should note the new securities are available for trading from October 30, 2025
  • All 4,972,500 shares are subject to lock-in restrictions and cannot be transferred until April 29, 2026
  • These shares carry the same rights and privileges as existing equity shares

Important Dates

  • Date of Allotment: June 25, 2025
  • Trading Commencement: October 30, 2025
  • Lock-in Period Ends: April 29, 2026

Impact Assessment

Market Impact: The listing adds approximately 4.97 million shares to the tradable securities of Manaksia Coated Metals & Industries Ltd, though these shares remain locked-in until April 2026. This represents a capital raise of Rs. 32.32 crores (4,972,500 shares × Rs. 65).

Shareholder Impact: Existing shareholders will experience dilution in their ownership percentage. The preferential issue to Non-Promoters may alter the shareholding pattern.

Liquidity Impact: No immediate liquidity impact as all shares are under lock-in until April 29, 2026. Post lock-in expiry, the float will increase potentially improving liquidity.

Impact Justification

Medium importance as this is a company-specific listing event affecting ~5 million shares with 18-month lock-in period. Material for existing shareholders due to dilution but routine corporate action.