Description

BSE lists 750,000 equity shares of Shri Gang Industries & Allied Products Limited issued on preferential basis to Promoters at Rs. 99/- per share, effective February 24, 2026. Shares are subject to lock-in until September 30, 2027.

Summary

BSE has listed 750,000 equity shares of Shri Gang Industries & Allied Products Limited (Scrip Code: 523309) issued to Promoters on a preferential basis. The shares are permitted to trade on the Exchange with effect from Tuesday, February 24, 2026. These shares are issued at a face value of Rs. 10/- each with a premium of Rs. 89/-, making the issue price Rs. 99/- per share. All 750,000 shares are subject to a lock-in period until September 30, 2027.

Key Points

  • 750,000 new equity shares listed on BSE with effect from February 24, 2026
  • Shares issued at Rs. 99/- per share (face value Rs. 10/- + premium Rs. 89/-) on preferential basis to Promoters
  • Distribution numbers: 18280001 to 19030000
  • ISIN: INE241V01018
  • Date of allotment: November 13, 2025
  • All 750,000 shares are under lock-in until September 30, 2027
  • New shares rank pari-passu with existing equity shares of the company

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification pursuant to preferential allotment of equity shares to Promoters under applicable SEBI regulations.

Compliance Requirements

  • Trading members of BSE are informed that the new securities are listed and permitted to trade from February 24, 2026
  • Members must note the lock-in restriction: 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
  • Trading Commencement Date: February 24, 2026 (Tuesday)
  • Lock-in Expiry Date: September 30, 2027

Impact Assessment

The market impact of this listing is minimal in the near term. The entire batch of 750,000 newly listed shares is subject to a promoter lock-in until September 30, 2027, meaning there is no addition to the freely tradeable float at this time. The listing is a formality to formally register the shares on the exchange following the preferential allotment completed in November 2025. Trading members should update their records to reflect the new distribution numbers and the associated lock-in details.

Impact Justification

Routine preferential allotment listing notice for a small-cap scrip. Shares are fully locked in until September 2027, meaning no immediate impact on free float or market liquidity.