Description

BSE announces the listing of 38,92,268 equity shares of Shayona Engineering Limited with various lock-in periods ranging from 2027 to 2029.

Summary

BSE has listed a total of 38,92,268 fully paid-up equity shares of Shayona Engineering Limited in demat form. The shares are subject to different lock-in periods, with the majority locked in until February 5, 2029, and other tranches locked in until 2028 and 2027. All shares started their lock-in period on January 19, 2026, with one tranche starting on January 21, 2026.

Key Points

  • Total equity shares listed: 38,92,268 shares
  • All shares are fully paid-up and held in demat form
  • Lock-in periods vary: until February 5, 2027, February 5, 2028, and February 5, 2029
  • Majority of shares (23,74,000 shares) are locked in until February 5, 2029
  • Shares are distributed across 27 distinct tranches with varying distinctive number ranges
  • Lock-in commencement dates: January 19, 2026 (for most tranches) and January 21, 2026 (for one tranche)

Regulatory Changes

No regulatory changes are introduced by this circular. This is a standard listing notification.

Compliance Requirements

  • Listed equity shares must comply with lock-in requirements as specified
  • Shares cannot be traded or transferred during their respective lock-in periods
  • Trading members and investors must ensure compliance with lock-in restrictions

Important Dates

  • Lock-in Start Date (Most Tranches): January 19, 2026
  • Lock-in Start Date (One Tranche): January 21, 2026
  • Lock-in End Date (Short-term): February 5, 2027 (11,99,900 shares)
  • Lock-in End Date (Medium-term): February 5, 2028 (3,17,250 shares)
  • Lock-in End Date (Long-term): February 5, 2029 (23,74,000 shares)
  • Immediate Trading (Free Shares): 1,118 shares available without lock-in

Impact Assessment

Market Impact: Medium - The listing adds Shayona Engineering Limited to BSE’s equity segment, but immediate trading liquidity will be limited due to extensive lock-in periods covering 38,91,150 shares (99.97% of total). Only 1,118 shares are immediately available for trading.

Investor Impact: Promoters and early investors holding locked-in shares cannot exit their positions until respective lock-in periods expire. The staggered lock-in structure (2027, 2028, 2029) will gradually release shares into the market over three years.

Trading Impact: Limited float in the initial period may result in higher volatility and price discovery challenges. Trading activity will increase progressively as lock-in periods expire.

Impact Justification

New equity listing with lock-in shares affects trading availability and market liquidity for Shayona Engineering Limited