Description

750,000 equity shares of Shri Gang Industries & Allied Products Limited issued on preferential basis to promoters are listed and permitted to trade on BSE with effect from February 24, 2026. Shares are locked in until September 30, 2027.

Summary

BSE has listed 750,000 new equity shares of Shri Gang Industries & Allied Products Limited (Scrip Code: 523309) effective February 24, 2026. These shares were issued on a preferential basis to promoters at Rs. 99/- per share (face value Rs. 10/- plus premium of Rs. 89/-) and are subject to a lock-in period until September 30, 2027.

Key Points

  • 750,000 equity shares of Rs. 10/- face value issued at a premium of Rs. 89/- (issue price Rs. 99/-)
  • Shares allotted to promoters on a preferential basis
  • Distribution numbers: 18280001 to 19030000
  • Shares rank pari-passu with existing equity shares of the company
  • ISIN: INE241V01018
  • Date of allotment: November 13, 2025
  • Trading permitted from February 24, 2026

Regulatory Changes

No regulatory changes. This is a routine listing notification pursuant to a completed preferential allotment.

Compliance Requirements

  • Trading members are informed of the new securities available for trading from February 24, 2026
  • Lock-in restriction applies: all 750,000 shares (Dist. Nos. 18280001 to 19030000) are locked in until September 30, 2027 and cannot be traded during this period

Important Dates

  • Date of Allotment: November 13, 2025
  • Listing / Trading Effective Date: February 24, 2026
  • Lock-in Expiry Date: September 30, 2027

Impact Assessment

Market impact is minimal. The newly listed shares are fully locked in until September 2027, meaning they will not be available for trading in the secondary market during this period. The preferential allotment to promoters increases promoter holding in the company. The issue at Rs. 99/- per share raises approximately Rs. 7.425 crore for the company.

Impact Justification

Routine listing of preferential allotment shares for a small-cap company. Limited market impact as shares are locked in until September 2027 and represent a modest issuance.