Description

BSE circular detailing the listing of new securities of Maan Aluminium Limited with lock-in expiry dates and distinctive numbers for 59,00,000 shares.

Summary

BSE has notified the listing of new securities of Maan Aluminium Limited, providing distinctive numbers, quantities, and lock-in expiry dates for a total of 59,00,000 shares. The shares are subject to lock-in periods expiring either on 20/09/2026 or 20/09/2027 depending on the tranche.

Key Points

  • Total shares listed: 59,00,000 (5,900,000)
  • Shares are assigned distinctive numbers ranging from 54084865 to 59984864
  • Lock-in expiry dates are either 20/09/2026 or 20/09/2027
  • The majority of shares (12,26,500) in a single tranche expire on 20/09/2027
  • Depository credit confirmations are linked to each tranche with corresponding distinctive numbers

Regulatory Changes

No new regulatory changes introduced. This is a standard listing notification per BSE listing norms for new securities issued by Maan Aluminium Limited.

Compliance Requirements

  • Investors and depositories must note the lock-in expiry dates per tranche before initiating any transfers or transactions on the locked shares
  • Depository participants should ensure credit confirmations align with the distinctive number ranges provided

Important Dates

  • 20/09/2026: Lock-in expiry for the majority of tranches
  • 20/09/2027: Lock-in expiry for select tranches including the largest single tranche of 12,26,500 shares

Impact Assessment

This circular has limited broader market impact. It is relevant to existing and prospective shareholders of Maan Aluminium Limited who need to be aware of lock-in restrictions on the newly listed securities. Trading in these shares will be restricted until the respective lock-in expiry dates. The staggered lock-in expiry (2026 vs 2027) may influence secondary market liquidity for this stock.

Impact Justification

Routine listing notification for new securities with lock-in details; limited broader market impact, relevant primarily to investors holding shares of Maan Aluminium Limited.