Description

Sanmitra Commercial Ltd. lists 4,86,72,500 new equity shares on BSE effective December 10, 2025, issued through share swap and preferential allotment with varying lock-in periods.

Summary

BSE has listed 4,86,72,500 new equity shares of Sanmitra Commercial Ltd. (Scrip Code: 512062) effective December 10, 2025. The shares were issued through share swap to promoters (2,97,41,799 shares), preferential allotment to promoters (21,25,000 shares), and preferential allotment to non-promoters (1,68,05,701 shares). All shares are ranking pari-passu with existing equity shares and subject to lock-in periods.

Key Points

  • Total new shares listed: 4,86,72,500 equity shares of Rs. 10/- each
  • Shares issued to promoters via share swap: 2,97,41,799 shares at Rs. 15/- (premium of Rs. 5/-)
  • Shares issued to promoters on preferential basis: 21,25,000 shares at Rs. 15/- (premium of Rs. 5/-)
  • Shares issued to non-promoters on preferential basis: 1,68,05,701 shares at Rs. 40/- (premium of Rs. 30/-)
  • All new shares rank pari-passu with existing equity shares
  • ISIN: INE896J01014
  • Date of allotment: October 17, 2025

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

Lock-in Requirements:

  • Promoter shares (3,18,66,799 shares with distinctive numbers 1100001 to 32966799): Locked-in until June 30, 2027
  • Non-promoter shares (1,68,05,701 shares with distinctive numbers 32966800 to 49772500): Locked-in until June 30, 2026

Trading:

  • Market participants must note the new securities are permitted for trading from December 10, 2025

Important Dates

  • Allotment Date: October 17, 2025
  • Listing and Trading Commencement: December 10, 2025
  • Lock-in Expiry for Non-Promoters: June 30, 2026
  • Lock-in Expiry for Promoters: June 30, 2027

Impact Assessment

Market Impact: Low - This is a company-specific listing event affecting only Sanmitra Commercial Ltd. The listing adds liquidity to the stock but represents a dilution of approximately 95% increase in shares outstanding (4.87 crore new shares).

Investor Impact: Moderate for existing shareholders due to significant dilution. New shareholders should be aware of lock-in restrictions preventing immediate sale by promoters and non-promoters.

Operational Impact: Minimal - Routine listing procedure with standard lock-in provisions as per SEBI regulations for preferential allotment and share swap arrangements.

Impact Justification

Routine listing of new securities for a single company. Affects only Sanmitra Commercial Ltd. shareholders and investors. No market-wide impact or regulatory changes.