Description

Listing of 86,66,667 equity shares of Mega Nirman & Industries Limited issued on preferential basis pursuant to conversion of warrants, effective November 7, 2025.

Summary

BSE has announced the listing of 86,66,667 new equity shares of Mega Nirman & Industries Limited (Scrip Code: 539767) effective from November 7, 2025. These shares were issued to non-promoters on a preferential basis following the conversion of warrants at an issue price of Rs. 15/- per share (face value Rs. 10/- with premium of Rs. 5/-). The allotment date was July 25, 2025, and the shares are subject to lock-in periods.

Key Points

  • Total new shares listed: 86,66,667 equity shares of Rs. 10/- each
  • Issue price: Rs. 15/- per share (including premium of Rs. 5/-)
  • Issued to: Non-promoters on preferential basis
  • Basis: Conversion of warrants
  • Trading commencement: November 7, 2025
  • ISIN: INE216Q01010
  • Distribution numbers: 10625277 to 19291943
  • Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification following preferential allotment procedures.

Compliance Requirements

  • Trading members must note the listing of new securities effective November 7, 2025
  • Lock-in restrictions apply to all 86,66,667 shares as detailed below
  • Shares cannot be traded before lock-in expiry dates

Important Dates

  • Allotment Date: July 25, 2025
  • Trading Commencement: November 7, 2025
  • Lock-in Expiry for 49,11,112 shares (Dist. Nos. 10625277 to 15536388): May 30, 2026
  • Lock-in Expiry for 37,55,555 shares (Dist. Nos. 15536389 to 19291943): May 29, 2026

Impact Assessment

Market Impact: Low - This is a routine listing of preferentially allotted shares following warrant conversion. The number of shares represents a dilution to existing shareholders but is a standard corporate action.

Operational Impact: Minimal - Trading members need to update their systems to reflect the new shares. The lock-in periods ensure these shares cannot be traded immediately, limiting near-term liquidity impact.

Investor Impact: The allotment to non-promoters increases the public float. Lock-in periods extending to May 2026 provide stability and prevent immediate selling pressure. Existing shareholders should note the dilution effect and pari-passu ranking of new shares.

Impact Justification

Routine listing notification for preferential allotment to non-promoters. Limited market-wide impact, relevant primarily to company shareholders and investors.