Description

11,82,500 equity shares of Manaksia Coated Metals & Industries Ltd listed on BSE following conversion of warrants on preferential basis to non-promoters.

Summary

BSE has announced the listing of 11,82,500 new equity shares of Manaksia Coated Metals & Industries Ltd (Scrip Code: 539046) effective November 10, 2025. These shares were issued at a premium of Rs. 64/- per share (face value Re. 1/-) to non-promoters on a preferential basis pursuant to conversion of warrants. The shares are subject to lock-in until May 30, 2026.

Key Points

  • 11,82,500 equity shares of Re. 1/- each issued at premium of Rs. 64/-
  • Total issue price: Rs. 65/- per share
  • Issued to non-promoters on preferential basis through warrant conversion
  • Shares ranking pari-passu with existing equity shares
  • Date of allotment: July 4, 2025
  • Trading commencement: November 10, 2025
  • ISIN: INE830Q01018
  • Distinctive Numbers: 105151551 to 106334050

Regulatory Changes

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

Compliance Requirements

Trading members are informed that:

  • These securities are available for trading from November 10, 2025
  • All 11,82,500 shares are subject to lock-in restrictions
  • Lock-in period extends until May 30, 2026
  • Normal trading and settlement procedures apply post-listing

Important Dates

  • Allotment Date: July 4, 2025
  • Trading Commencement: November 10, 2025
  • Lock-in Expiry: May 30, 2026
  • Circular Issue Date: November 7, 2025

Impact Assessment

Market Impact: Low. This represents a preferential allotment of 11.825 lakh shares resulting from warrant conversion. The lock-in period until May 30, 2026 ensures these shares will not be available for trading in the near term, minimizing immediate supply impact.

Liquidity Impact: Minimal. The locked-in shares will not affect immediate market liquidity. Post lock-in expiry in May 2026, the additional float may marginally improve liquidity depending on selling interest.

Investor Impact: The allotment to non-promoters at Rs. 65/- per share (allotted in July 2025) provides insight into the valuation at that time. Current shareholders should note the dilution from this preferential issue, though shares rank pari-passu with existing equity.

Impact Justification

Routine listing of preferential allotment shares following warrant conversion. Limited market impact given small issue size relative to typical trading volumes.