Description

11,89,259 equity shares of HLE Glascoat Limited listed on BSE with effect from December 09, 2025, pursuant to amalgamation scheme with Kinam Enterprise Private Limited.

Summary

BSE has announced the listing and trading approval of 11,89,259 new equity shares of HLE Glascoat Limited (Scrip Code: 522215) with effect from Tuesday, December 09, 2025. 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.

Key Points

  • Number of Shares: 11,89,259 equity shares
  • Face Value: Rs. 2/- per share
  • ISIN: INE461D01028
  • Scrip Code: 522215
  • Distinguished Numbers: 68265481 to 69454739
  • Date of Allotment: September 27, 2025
  • Trading Commencement: December 09, 2025
  • Purpose: Scheme of Amalgamation between HLE Glascoat Limited and Kinam Enterprise Private Limited

Regulatory Changes

No regulatory framework changes. This is a standard listing pursuant to corporate amalgamation approved under Companies Act, 2013 provisions.

Compliance Requirements

  • Trading members are informed to note the new securities available for trading from December 09, 2025
  • No additional compliance requirements for market participants
  • Standard trading rules and settlement procedures apply to these newly listed shares

Important Dates

  • Allotment Date: September 27, 2025
  • Circular Date: December 08, 2025
  • Trading Commencement Date: December 09, 2025

Impact Assessment

Market Impact: Low - This is a routine corporate action involving the listing of shares from an amalgamation scheme. The addition of 11,89,259 shares to the existing equity base represents a corporate restructuring activity.

Operational Impact: Minimal - Trading members need to be aware of the additional shares available for trading. No changes to trading mechanisms or procedures.

Investor Impact: The amalgamation consolidates Kinam Enterprise Private Limited into HLE Glascoat Limited, with shareholders of the transferor company receiving shares in the transferee company as per the approved scheme.

Impact Justification

Routine listing of shares from amalgamation scheme. Limited market impact as shares represent約 1.19 million shares from corporate restructuring, not affecting trading operations.