Description

Seshachal Technologies Limited to be listed on BSE in XT Group effective November 25, 2025, following a 90% capital reduction scheme approved by High Court.

Summary

Seshachal Technologies Limited will be listed and admitted to dealings on BSE effective November 25, 2025, in the XT Group of Securities. The listing follows a court-approved capital reduction scheme where the company reduced its equity share capital by 90% from Rs. 6,94,36,000 to Rs. 69,43,600 through consolidation (10 shares of Re. 1 each into 1 share of Rs. 10 each). The security will trade in Trade-to-Trade segment and participate in special pre-open sessions for IPO and Other category scrips.

Key Points

  • Company will be listed in XT Group effective November 25, 2025
  • Total securities: 6,94,360 fully paid-up equity shares of Rs. 10/- each
  • Scrip Code: 531794, ISIN: INE331F01028, Trading Symbol: SESHACHAL
  • Market Lot: 1 share
  • Trading will be in Trade-to-Trade segment as per BSE Circular dated July 02, 2025
  • Security will participate in special pre-open session for IPO and Other category scrips
  • No lock-in applicable on shares
  • Shares currently credited under temporary ISIN in dematerialized mode

Regulatory Changes

The listing follows the Scheme of Reduction of Capital approved by the High Court of Judicature at Hyderabad on June 6, 2016. The scheme provided for:

  • 90% reduction in equity share capital to write off accumulated losses of Rs. 6,24,92,400 (for period ended March 31, 2014)
  • Capital reduced from Rs. 6,94,36,000 (69,43,600 shares of Rs. 10 each) to Rs. 69,43,600 (69,43,600 shares of Re. 1 each)
  • Consolidation of ten equity shares of Re. 1 each into one equity share of Rs. 10 each
  • Post-consolidation capital: Rs. 69,43,600 divided into 6,94,360 equity shares of Rs. 10 each

Compliance Requirements

  • Trading members must note the security will trade in XT Group and Trade-to-Trade segment
  • Members should be aware of special pre-open session applicability as per SEBI circulars CIR/MRD/DP/01/2012, CIR/MRD/DP/02/2012 (January 20, 2012), and SEBI/HO/MRD-TPD1/CIR/P/2023/55 (April 11, 2023)
  • Trading members to note dematerialized shares currently credited under temporary ISIN as per SEBI circular CIR/MRD/DP/21/2012 dated August 02, 2012

Important Dates

  • November 21, 2025: Circular notice date
  • November 25, 2025: Effective listing date on BSE
  • September 29, 2025: Record date for capital reduction (already passed)
  • June 6, 2016: High Court approval date for capital reduction scheme

Impact Assessment

Limited market impact expected as this is a single small-cap company listing in the XT Group (companies traded in Trade-to-Trade segment). The capital reduction scheme was already approved in 2016 and the record date has passed (September 2025), so the restructuring is complete. The listing provides an exit opportunity for existing shareholders but is unlikely to generate significant trading interest given the Trade-to-Trade restrictions and small market capitalization. Relevant primarily to existing shareholders and potential investors in this specific security.

Company Details:

  • Registered Office: Plot No. 57, Text Book Colony, Secunderabad, Telangana, 500009
  • Face Value: Rs. 10 per share (fully paid up)
  • Distinctive Numbers: 1 to 694360

Impact Justification

Single company listing with limited market impact. Capital reduction already approved and record date past. Relevant only to specific stakeholders of this small-cap security.