Description

BSE announces listing of 63,55,557 new equity shares of Mega Nirman & Industries Limited issued on preferential basis pursuant to conversion of warrants, effective December 30, 2025.

Summary

BSE has announced the listing of 63,55,557 new equity shares of Mega Nirman & Industries Limited (Scrip Code: 539767) issued to non-promoters on a preferential basis pursuant to conversion of warrants. The shares will be available for trading from December 30, 2025, and rank pari-passu with existing equity shares. The shares are subject to lock-in provisions with different expiry dates.

Key Points

  • 63,55,557 equity shares of Rs. 10/- each issued at a premium of Rs. 5/-
  • Issued to non-promoters on preferential basis pursuant to warrant conversion
  • Trading commences on December 30, 2025
  • Issue price: Rs. 15/- per share
  • Date of allotment: August 6, 2025
  • ISIN: INE216Q01010
  • Distribution numbers: 19291944 to 25647500
  • Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification following preferential allotment procedures.

Compliance Requirements

  • Trading members are informed to note the listing of these new securities
  • Lock-in restrictions must be observed as per specified timelines
  • Shares can be traded only after respective lock-in periods expire

Important Dates

  • Allotment Date: August 6, 2025
  • Trading Commencement: December 30, 2025
  • Lock-in Expiry for 16,44,445 shares (Dist. Nos. 19291944 to 20936388): July 14, 2026
  • Lock-in Expiry for 47,11,112 shares (Dist. Nos. 20936389 to 25647500): July 15, 2026

Impact Assessment

Market Impact: Low. The listing represents a preferential allotment to non-promoters with lock-in provisions that will restrict immediate trading of all shares until mid-2026. The shares constitute an expansion of the company’s equity base through warrant conversion.

Liquidity Impact: Minimal immediate impact on liquidity as all shares are locked-in for approximately 6-7 months from the trading commencement date. Only after lock-in expiry will these shares contribute to free float.

Investor Impact: Existing shareholders should note the dilution effect of 63.55 lakh additional shares, though the impact on voting rights and shareholding pattern will depend on the company’s total outstanding shares. The lock-in period provides some protection against immediate dilution-related price pressure.

Impact Justification

Routine listing notification for new equity shares issued via warrant conversion. Limited market impact as shares are subject to lock-in periods and issued to non-promoters on preferential basis.