Description
Listing and trading approval for 11,89,259 equity shares of HLE Glascoat Limited issued pursuant to amalgamation with Kinam Enterprise Private Limited, effective December 09, 2025.
Summary
BSE has approved the listing and trading of 11,89,259 equity shares of Rs. 2/- each of HLE Glascoat Limited (Scrip Code: 522215). These shares were issued pursuant to a Scheme of Amalgamation between HLE Glascoat Limited (Transferee Company) and Kinam Enterprise Private Limited (Transferor Company) under sections 230-232 of the Companies Act, 2013. Trading will commence on December 09, 2025.
Key Points
- 11,89,259 new equity shares of face value Rs. 2/- each to be listed
- Shares issued under Scheme of Amalgamation with Kinam Enterprise Private Limited
- ISIN: INE461D01028
- Distinctive Numbers: 68265481 to 69454739
- Allotment completed on September 27, 2025
- Scrip Code: 522215
Regulatory Changes
No regulatory changes. This is a standard listing approval following a court-approved amalgamation scheme under the Companies Act, 2013.
Compliance Requirements
- Trading members are informed of the new securities listing
- Normal trading rules and regulations apply to these securities
- Shares are fungible with existing equity shares of HLE Glascoat Limited
Important Dates
- Allotment Date: September 27, 2025
- Listing Date: December 09, 2025 (Tuesday)
- Trading Commencement: December 09, 2025
Impact Assessment
This is a routine corporate action with limited market impact. The listing of additional shares following the amalgamation increases the total outstanding shares of HLE Glascoat Limited by 11,89,259 shares. This may result in minor dilution for existing shareholders but represents a standard post-merger integration process. The shares will trade under the existing scrip code and ISIN, maintaining continuity for investors.
Impact Justification
Routine listing of shares post-amalgamation for a single company with limited market-wide impact