Description

Seshachal Technologies Limited equity shares to be listed and admitted to dealings on BSE in XT Group effective November 25, 2025, following 90% reduction in capital.

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 90% reduction in equity share capital to write off accumulated losses. The security will trade in the Trade-to-Trade segment and will be part of the special pre-open session for IPO and Other category scrips.

Key Points

  • Effective listing date: November 25, 2025
  • Trading group: XT Group (Trade-to-Trade segment)
  • Scrip Code: 531794
  • Scrip ID: SESHACHAL
  • ISIN: INE331F01028
  • Face Value: Rs. 10/- per share
  • Total shares: 6,94,360 fully paid-up equity shares
  • Market Lot: 1 share
  • Registered Office: Plot No. 57, Text Book Colony, Secunderabad, Telangana, 500009
  • No lock-in applicable
  • Security will participate in special pre-open session as per SEBI circulars

Regulatory Changes

The listing follows a Scheme of Reduction in Capital approved by the Hon’ble High Court of Judicature at Hyderabad on June 6, 2016:

  • 90% reduction in equity share capital to write off accumulated losses of Rs. 6,24,92,400/- (out of total accumulated losses of Rs. 6,29,68,394/-) for the 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)
  • Ten equity shares of Re. 1/- each consolidated 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
  • Temporary ISIN used for dematerialized shares as per SEBI circular CIR/MRD/DP/21/2012 dated August 02, 2012

Compliance Requirements

  • Trading members must note the security is in XT Group and Trade-to-Trade segment per BSE Circular 20250702-33 dated July 02, 2025
  • Members must comply with special pre-open session requirements 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)
  • No intraday trading allowed due to Trade-to-Trade segment classification

Important Dates

  • November 21, 2025: Notice date
  • September 29, 2025: Record date for giving effect to reduction of share capital (per Exchange Notice 20250925-34 dated September 25, 2025)
  • November 25, 2025: Effective date for listing and commencement of trading
  • June 6, 2016: High Court approval date for capital reduction scheme

Impact Assessment

Limited market impact as this affects a single company listing in the restricted XT Group. The security is subject to Trade-to-Trade settlement, indicating higher risk classification and limited liquidity. The capital reduction scheme addresses historical accumulated losses, bringing the company’s capital structure in line with its net worth. Investors should note the XT Group classification suggests higher volatility or surveillance concerns. The small capital base (6.94 lakh shares) indicates a micro-cap security with likely limited trading volumes.

Impact Justification

Single company listing after capital reduction scheme; limited market-wide impact; affects only specific security in XT Group with trade-to-trade segment restrictions.