Description

BSE announces listing of 14,14,376 equity shares of Global Infratech and Finance Limited effective March 18, 2026, under XT Group following NCLT-approved resolution plan under IBC.

Summary

BSE has announced that equity shares of Global Infratech and Finance Limited (Scrip Code: 531463) will be listed and admitted to dealings on the Exchange effective Wednesday, March 18, 2026, under the XT Group. This listing follows an NCLT-approved Resolution Plan under the Insolvency and Bankruptcy Code (IBC), 2016, with trading to continue in the Trade-to-Trade segment.

Key Points

  • Effective Date: March 18, 2026
  • Total shares listed: 14,14,376 fully paid-up equity shares of Rs. 10/- each
    • 2,64,376 shares allotted post capital reduction to existing public shareholders
    • 11,50,000 shares allotted on preferential basis to Successful Resolution Applicant
  • Scrip Code: 531463 | Scrip ID / ISIN: GBLINFRA / INE377M01043
  • Group: XT | Market Lot: 1 | Face Value: Rs. 10/- each fully paid up
  • Distinctive Numbers: 1 to 1414376
  • Shares will be part of the special pre-open session for IPO and Other category scrips per SEBI Circular Nos. CIR/MRD/DP/01/2012 and CIR/MRD/DP/02/2012 dated January 20, 2012
  • 11,50,000 shares (distinctive nos. 264377–1414376) are locked in until March 31, 2027

Regulatory Changes

  • Listing is pursuant to the NCLT (Mumbai Bench) order dated October 25, 2024, approving the Resolution Plan under IBC, 2016
  • Capital reduction reduces pre-CIRP public shareholding to 1% (1 share for every 100 shares held)
  • Equity shares currently credited under a temporary ISIN (as per SEBI circular CIR/MRD/DP/21/2012 dated August 2, 2012) pending ISIN activation
  • Trading to be conducted in Trade-to-Trade segment per Exchange Notice No. 20230210-55 dated February 10, 2023

Compliance Requirements

  • Market participants must note the XT Group classification and Trade-to-Trade segment trading rules for this scrip
  • Participants should be aware of lock-in restrictions on 11,50,000 preferential shares until March 31, 2027
  • The company will be subject to special pre-open session requirements applicable to IPO and Other category scrips

Important Dates

  • March 18, 2026: Effective date of listing and commencement of trading
  • October 25, 2024: NCLT Mumbai Bench order approving the Resolution Plan
  • February 25, 2025: Record date for giving effect to the resolution plan (per Exchange Notice No. 20250218-49)
  • March 31, 2027: Lock-in expiry for 11,50,000 preferentially allotted shares

Impact Assessment

Existing public shareholders have suffered significant dilution due to the capital reduction — holdings reduced to 1% of pre-CIRP levels (1 share for every 100 held). The Successful Resolution Applicant receives 11,50,000 shares (81.3% of total listed shares) on a preferential basis, subject to a one-year lock-in. The XT Group classification and Trade-to-Trade segment requirement restrict speculative trading, limiting liquidity. Broader market impact is low given the company’s small size, but affected shareholders face near-total dilution of their original holdings.

Impact Justification

Listing of a relatively small company under XT group following IBC resolution plan; impacts existing shareholders due to capital reduction and new allotments but has limited broader market significance.