Description

Listing and trading of 96,00,000 equity shares of K&R Rail Engineering Limited pursuant to scheme of arrangement, effective November 28, 2025.

Summary

BSE has listed 96,00,000 equity shares of Rs. 10/- each of K&R Rail Engineering Limited (Scrip Code: 514360) for trading effective 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 restrictions until November 30, 2026.

Key Points

  • 96,00,000 equity shares of Rs. 10/- each listed and permitted for trading
  • Shares issued pursuant to Scheme of Arrangement
  • ISIN Number: INE078T01026
  • Distinctive Numbers: 28509645 - 38109644
  • Date of Allotment: October 15, 2024
  • Trading commences: November 28, 2025
  • Shares rank pari-passu with existing equity shares
  • Total 1,67,61,677 shares under lock-in until November 30, 2026

Regulatory Changes

No regulatory changes. This is a listing pursuant to an existing scheme of arrangement.

Compliance Requirements

  • Trading members are informed of the new securities listing
  • Lock-in compliance: 75% of total promoter shareholding post-scheme must remain locked in for 1 year from listing date
  • Lock-in restrictions apply in accordance with Exchange observation letter dated December 19, 2013

Important Dates

  • Date of Allotment: October 15, 2024
  • Trading Commencement: November 28, 2025
  • Lock-in Expiry: November 30, 2026

Impact Assessment

Market Impact: Low - Routine listing of shares pursuant to corporate restructuring. The lock-in period ensures price stability by restricting promoter share sales.

Company Impact: The scheme of arrangement represents a corporate restructuring between K&R Rail Engineering Limited and KVR Rail Infra Projects Private Limited. The significant lock-in of 1,67,61,677 shares (including the newly listed shares) demonstrates promoter commitment.

Investor Impact: Investors should note the lock-in restrictions on a substantial portion of shares until November 2026, which may affect liquidity and price discovery in the near term.

Impact Justification

Routine listing of shares pursuant to scheme of arrangement with lock-in requirements; affects specific company only with no broader market implications