Description
11,89,259 equity shares of Rs. 2/- each of HLE Glascoat Limited listed on BSE pursuant to scheme of amalgamation with Kinam Enterprise Private Limited.
Summary
BSE has announced the listing and trading commencement of 11,89,259 equity shares of Rs. 2/- each of HLE Glascoat Limited (Scrip Code: 522215) effective from 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
- 11,89,259 equity shares of Rs. 2/- each face value listed
- Shares issued under scheme of amalgamation between HLE Glascoat Limited and Kinam Enterprise Private Limited
- ISIN: INE461D01028
- Scrip Code: 522215
- Distinctive Numbers: 68265481 to 69454739
- Allotment date: September 27, 2025
- Trading permitted from December 09, 2025
Regulatory Changes
No regulatory changes introduced. This is a routine listing notification pursuant to an approved corporate restructuring scheme.
Compliance Requirements
Trading members are informed of the listing and should update their systems to reflect the new securities available for trading from December 09, 2025.
Important Dates
- Allotment Date: September 27, 2025
- Trading Commencement Date: December 09, 2025
- Notice Date: December 08, 2025
Impact Assessment
Minimal market impact expected. This is a standard corporate action resulting from an amalgamation scheme approved under the Companies Act, 2013. The listing represents approximately 11.89 lakh shares being made available for trading. Existing shareholders and market participants should note the increased float resulting from this merger-related issuance.
Impact Justification
Routine listing of shares pursuant to approved amalgamation scheme. Limited market impact as shares issued under corporate restructuring.