Description

Galada Power & Telecommunication Limited will be listed on BSE in XT Group from December 2, 2025, following NCLT-approved resolution plan under IBC 2016.

Summary

Galada Power & Telecommunication Limited will be listed and admitted to trading on BSE effective December 2, 2025, in the XT Group of Securities under trade-to-trade segment. The listing follows an NCLT-approved Resolution Plan under the Insolvency and Bankruptcy Code, 2016, which resulted in complete extinguishment of existing promoter holdings, capital reduction for public shareholders, and preferential allotment to the Successful Resolution Applicant.

Key Points

  • Company to be listed in XT Group and trade-to-trade segment from December 2, 2025
  • Total equity shares: 88,63,158 fully paid-up shares of Rs. 10/- each
  • Scrip Code: 504697, ISIN: INE255C01026
  • 100% extinguishment of existing promoter holdings
  • Public shareholding reduced from 7,48,98,800 shares to 4,43,158 shares
  • 84,20,000 shares allotted to Successful Resolution Applicant on preferential basis
  • Lock-in period: 84,20,000 shares (DN 443159-8863158) locked until December 30, 2026
  • Record date for resolution plan effect: September 1, 2023
  • Shares will be part of special pre-open session for IPO and Other category scrips

Regulatory Changes

The listing is governed by:

  • BSE Circular no 20250702-33 dated July 02, 2025 (trade-to-trade segment)
  • SEBI circular no. CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012
  • SEBI/HO/MRD-TPD1/CIR/P/2023/55 dated April 11, 2023 (pre-open session)
  • SEBI circular no. CIR/MRD/DP/21/2012 dated August 02, 2012 (temporary ISIN activation)

Compliance Requirements

  • Trading members must note the security will be available only in XT group and trade-to-trade segment
  • Shares currently allotted in dematerialized mode have been credited under temporary ISIN
  • Market lot: 1 share
  • Face value and paid-up value: Rs. 10/- each

Important Dates

  • December 2, 2025: Effective listing and trading commencement date
  • September 1, 2023: Record date for resolution plan implementation
  • December 30, 2026: Lock-in expiry for 84,20,000 preferential shares
  • May 5, 2023 & September 10, 2024: NCLT Hyderabad Bench approval dates

Impact Assessment

This listing represents a significant corporate restructuring under insolvency proceedings. The complete elimination of promoter holdings and substantial reduction in public shareholding (from 7.49 crore to 4.43 lakh shares) indicates major capital reorganization. The restriction to XT group and trade-to-trade segment suggests higher risk classification and surveillance measures. The lock-in of 95% of total shares until December 2026 will significantly limit liquidity. Investors should exercise caution given the insolvency background and trading restrictions.

Impact Justification

Company listing post-resolution plan under IBC with significant capital restructuring, 100% promoter extinguishment, and lock-in period for new shares. Trading restricted to XT group and trade-to-trade segment.