Description
K&R Rail Engineering Limited lists 96 lakh new equity shares pursuant to scheme of arrangement with KVR Rail Infra Projects Private Limited, effective November 28, 2025.
Summary
BSE has approved the listing of 96,00,000 new equity shares of K&R Rail Engineering Limited (Scrip Code: 514360) with effect from Friday, November 28, 2025. These shares were issued pursuant to a Scheme of Arrangement between K&R Rail Engineering Limited (formerly Axis Rail India Limited) and KVR Rail Infra Projects Private Limited. The shares are subject to lock-in provisions as per exchange observation letter dated December 19, 2013.
Key Points
- 96,00,000 equity shares of Rs. 10/- each are being listed
- Shares rank pari-passu with existing equity shares
- ISIN Number: INE078T01026
- Distinctive Numbers: 28509645 - 38109644
- Date of Allotment: October 15, 2024
- Trading commences from November 28, 2025
- Total 1,67,61,677 shares are under lock-in
Regulatory Changes
No regulatory changes introduced by this circular. This is a standard listing notification following completion of a scheme of arrangement.
Compliance Requirements
- Trading members are informed to take note of the new securities listing
- Lock-in restrictions must be enforced as per the specified schedule
- 75% of total promoter shareholding post-scheme is locked-in for 1 year from listing date as per Exchange observation letter dated December 19, 2013
Important Dates
- Allotment Date: October 15, 2024
- Trading Commencement: November 28, 2025
- Lock-in Expiry: November 30, 2026 (for all locked-in shares)
Lock-in Details
| Number of Shares | Distinctive Numbers | Lock-in Until |
|---|---|---|
| 96,00,000 | 28509645-38109644 | November 30, 2026 |
| 12,00,000 | 21171330-22371329 | November 30, 2026 |
| 59,61,677 | 9818429-15780105 | November 30, 2026 |
| Total: 1,67,61,677 |
Impact Assessment
This listing has minimal immediate market impact as it relates to shares issued under a corporate restructuring scheme with significant lock-in restrictions. The 1.67 crore shares under lock-in until November 30, 2026 will not be available for trading, limiting supply impact. The scheme of arrangement was completed with allotment in October 2024, and this notification merely formalizes the trading permission. Investors should note the substantial promoter shareholding lock-in when assessing liquidity.
Impact Justification
Routine listing of shares under scheme of arrangement with lock-in provisions; limited immediate market impact.