Description

Alka India Limited equity shares to be listed on BSE under XT Group effective January 29, 2026, following NCLT-approved Resolution Plan with capital reduction and new shareholding structure.

Summary

BSE has announced the listing of Alka India Limited’s equity shares effective January 29, 2026, under XT Group following NCLT-approved Resolution Plan. The company underwent capital reduction from 50 crore shares to 50 lakh shares (100:1 ratio), with 100% extinguishment of existing promoter holdings. The scrip will trade in Trade-to-Trade segment with specific lock-in requirements for successful resolution applicant shares.

Key Points

  • Listing effective date: January 29, 2026
  • Trading group: XT Group (Trade-to-Trade segment)
  • Scrip Code: 530889, Scrip ID: ALKA
  • ISIN: INE061B01038
  • Face value: Rs. 1/- per share
  • Total post-restructuring shares: 50,00,000 equity shares
  • Market lot: 1 share
  • 100% promoter holding extinguished
  • Capital reduction ratio: 100:1 (from 50,00,00,000 to 50,00,000 shares)
  • Public shareholders: 41,86,25,449 shares reduced to 2,50,000 shares (5% of capital)
  • Successful Resolution Applicants allotted: 47,50,000 shares (95% of capital)
  • Special pre-open session applicable as per SEBI circular

Regulatory Changes

The listing follows provisions of the Insolvency and Bankruptcy Code, 2016, with NCLT Mumbai Bench approval dated February 07, 2025. The restructuring involves:

  • Complete extinguishment of existing promoter holdings (100%)
  • Paid-up share capital reduced from Rs. 50 crores to Rs. 50 lakhs
  • New shareholding structure: 95% to Successful Resolution Applicants and promoters, 5% to existing public shareholders
  • Trading under Exchange Notice No. 20230210-55 dated February 10, 2023 (Trade-to-Trade segment)
  • Temporary ISIN activation per SEBI circular CIR/MRD/DP/21/2012 dated August 02, 2012

Compliance Requirements

  • Market participants must note the XT Group classification and Trade-to-Trade trading requirements
  • Special pre-open session participation as per SEBI Circular CIR/MRD/DP/01/2012 and CIR/MRD/DP/02/2012 dated January 20, 2012
  • Dematerialized shares credited under temporary ISIN initially
  • Lock-in compliance for specified shareholdings of Successful Resolution Applicants

Important Dates

  • Notice Date: January 23, 2026
  • Listing Effective Date: January 29, 2026 (Thursday)
  • Record Date: March 04, 2025 (for giving effect to resolution plan)
  • NCLT Approval Date: February 07, 2025
  • Lock-in expiry dates:
    • 2,36,842 shares (DN 250001-486842): January 31, 2027
    • 11,84,211 shares (DN 500001-1684211): January 31, 2027
    • 30,78,947 shares (DN 1750001-4828947): January 31, 2027

Impact Assessment

This listing represents a significant corporate restructuring under insolvency proceedings. The 100:1 capital reduction severely dilutes existing public shareholders while transferring majority control (95%) to the Successful Resolution Applicants. The XT Group classification and Trade-to-Trade segment placement indicate heightened surveillance due to the company’s insolvency background. The lock-in period of approximately one year for 95% of shares will limit liquidity. Existing shareholders face substantial value erosion through the capital reduction process. The company’s operational viability will depend on the resolution applicant’s revival plan execution.

Impact Justification

Significant corporate restructuring under IBC with complete promoter exit and capital reduction, but limited to single company impact