Description

BSE circular detailing the listing of new securities of MAAN ALUMINIUM LIMITED, including distinctive numbers, quantities, and lock-in expiry dates for 59,00,000 shares.

Summary

BSE has issued a circular regarding the listing of new securities of MAAN ALUMINIUM LIMITED. The circular provides details of distinctive numbers, quantities per depository credit confirmation, and lock-in expiry dates for a total of 59,00,000 newly listed shares.

Key Points

  • Total shares listed: 59,00,000
  • Distinctive numbers range from 54,084,865 to 59,984,864
  • Lock-in expiry dates are either 20/09/2026 or 20/09/2027 depending on the tranche
  • The majority of shares (bulk allocations) have a lock-in expiry of 20/09/2026
  • Certain tranches totalling approximately 15,40,500 shares have a longer lock-in expiry of 20/09/2027

Regulatory Changes

No new regulatory changes introduced. This circular is an operational listing notice under existing BSE listing and lock-in regulations.

Compliance Requirements

  • Depositories and trading members must update their records to reflect the new distinctive numbers and associated lock-in periods.
  • Shares with lock-in expiry of 20/09/2026 cannot be traded until that date; shares with lock-in expiry of 20/09/2027 are restricted until 20/09/2027.

Important Dates

  • Lock-in Expiry (Tranche 1): 20 September 2026 — applicable to the majority of newly listed shares
  • Lock-in Expiry (Tranche 2): 20 September 2027 — applicable to select tranches including 12,26,500 shares, 2,10,000 shares, 1,05,000 shares, and 1,05,000 shares

Impact Assessment

This is a routine listing circular with limited market impact. The listing adds 59,00,000 shares of MAAN ALUMINIUM LIMITED to BSE. The lock-in periods restrict immediate trading for all newly listed shares, limiting short-term liquidity impact. Market participants holding or tracking MAAN ALUMINIUM should note the specific lock-in expiry dates applicable to their holdings.

Impact Justification

Routine listing circular for a single SME company's new securities with lock-in details; limited broader market impact.