Description

BSE lists 11,41,552 new equity shares of Max Estates Limited, issued on a preferential basis to promoters pursuant to conversion of warrants, effective February 25, 2026.

Summary

BSE has notified trading members that 11,41,552 new equity shares of Max Estates Limited (Scrip Code: 544008) are listed and permitted to trade on the Exchange effective Wednesday, February 25, 2026. These shares were issued to promoters on a preferential basis at Rs. 657/- per share pursuant to conversion of warrants.

Key Points

  • Shares Listed: 11,41,552 equity shares of Rs. 10/- each, issued at a premium of Rs. 647/-
  • Issue Price: Rs. 657/- per share
  • Allotment Type: Preferential allotment to Promoters via conversion of warrants
  • ISIN: INE03EI01018
  • Distribution Numbers: 162289490 to 163431041
  • Date of Allotment: January 6, 2026
  • Trading Effective From: February 25, 2026
  • Pari-passu: New shares rank equally with existing equity shares

Regulatory Changes

No regulatory changes. This is a standard listing notice under Exchange procedures for newly allotted securities.

Compliance Requirements

  • Trading members are informed to update their systems to reflect the new securities available for trading from February 25, 2026.
  • The allotted shares carry a lock-in restriction and cannot be freely traded until the lock-in period expires.

Important Dates

  • Date of Allotment: January 6, 2026
  • Trading Commencement: February 25, 2026
  • Lock-in Expiry: August 31, 2027 (applies to all 11,41,552 shares, Dist. Nos. 162289490–163431041)

Impact Assessment

The listing adds 11,41,552 shares to the total issued capital of Max Estates Limited. However, since all newly listed shares are subject to a lock-in period until August 31, 2027, there is no immediate increase in freely tradeable float. Market impact is expected to be minimal in the near term. The preferential allotment to promoters at Rs. 657/- per share (premium of Rs. 647/- over face value of Rs. 10/-) reflects promoter confidence in the company’s valuation.

Impact Justification

Routine listing notification for a small preferential allotment to promoters via warrant conversion; shares are locked in until August 2027 limiting near-term tradeable float impact.