Description
BSE circular detailing the listing of new securities of Maan Aluminium Limited with lock-in expiry dates and distinctive number ranges for 59,00,000 shares.
Summary
BSE has notified the listing of new securities of Maan Aluminium Limited. A total of 59,00,000 shares have been allotted across multiple tranches with distinctive number ranges assigned and lock-in expiry dates of either 20/09/2026 or 20/09/2027 depending on the allottee category.
Key Points
- Total shares listed: 59,00,000 (59 lakh)
- Shares are assigned distinctive numbers ranging from 54084865 to 59984864
- Lock-in expiry dates are either 20/09/2026 or 20/09/2027 depending on the tranche
- Allotment is spread across 39 tranches of varying sizes
- Largest single tranche: 12,26,500 shares (lock-in until 20/09/2027)
- Second largest tranche: 10,65,000 shares (lock-in until 20/09/2026)
Regulatory Changes
No new regulatory changes introduced. This is a standard listing notification under BSE’s listing and depository credit confirmation procedures.
Compliance Requirements
- Depository participants must credit the respective shares as per distinctive number ranges provided
- Lock-in restrictions must be observed until the respective expiry dates (20/09/2026 or 20/09/2027)
- Trading in locked-in shares is restricted until the lock-in expiry date
Important Dates
- Listing Date: 06/03/2026
- Lock-in Expiry (majority of tranches): 20/09/2026
- Lock-in Expiry (selected tranches): 20/09/2027
Impact Assessment
This is a routine listing notification for Maan Aluminium Limited, a small-cap company. The listing of 59 lakh shares with defined lock-in periods limits near-term free float. The majority of shares (with lock-in until September 2026) will become tradable in approximately six months, which may have a modest impact on liquidity for this stock. Broader market impact is negligible.
Impact Justification
Routine listing of new securities for a small-cap aluminium company with standard lock-in provisions; limited broad market impact.