Description
BSE lists 1,550,000 new equity shares of SMT Engineering Limited (Scrip Code 538563) on preferential basis to non-promoters, effective March 11, 2026.
Summary
BSE has listed 1,550,000 new equity shares of SMT Engineering Limited (Scrip Code: 538563) issued on a preferential basis to non-promoters. These shares are available for trading on BSE with effect from Wednesday, March 11, 2026. The shares rank pari-passu with existing equity shares of the company.
Key Points
- 1,550,000 equity shares of Rs. 10/- each issued at a premium of Rs. 215/- (total issue price Rs. 225/-)
- Issued to non-promoters on a preferential basis
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 16520001 to 18070000
- ISIN: INE673E01018
- All 1,550,000 shares are subject to lock-in until September 20, 2026
Regulatory Changes
No regulatory changes. This is a standard listing notification following a preferential allotment.
Compliance Requirements
- Trading members are informed of the new securities and permitted to trade them from March 11, 2026
- Lock-in restriction applies: all 1,550,000 shares (Dist. Nos. 16520001 to 18070000) are locked in until September 20, 2026 and cannot be traded during this period
Important Dates
- Date of Allotment: February 10, 2026
- Trading commencement date: March 11, 2026
- Lock-in expiry date: September 20, 2026
Impact Assessment
This is a routine preferential allotment listing of SMT Engineering Limited shares. The 1,550,000 new shares represent a modest capital raise at Rs. 225/- per share. Since all newly listed shares are under lock-in until September 20, 2026, there is no immediate increase in freely tradable float. Market impact is expected to be minimal.
Impact Justification
Routine preferential allotment listing for a small-cap company with limited broader market impact.