Description
BSE lists 1,550,000 new equity shares of SMT Engineering Limited issued on a preferential basis to non-promoters at Rs. 225/- per share, effective March 11, 2026.
Summary
BSE has listed 1,550,000 new equity shares of SMT Engineering Limited (Scrip Code: 538563) on the Exchange. These shares were issued on a preferential basis to non-promoters at an issue price of Rs. 225/- per share (face value Rs. 10/- + premium of Rs. 215/-) and are permitted to trade effective Wednesday, March 11, 2026.
Key Points
- 1,550,000 equity shares of face value Rs. 10/- each issued at a premium of Rs. 215/-, totalling an issue price of Rs. 225/- per share
- Shares issued to non-promoters on a preferential basis
- New 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 notice pursuant to a preferential allotment.
Compliance Requirements
- Trading members are informed that the new securities are listed and permitted to trade from March 11, 2026
- Lock-in restriction applies to all 1,550,000 shares (Dist. Nos. 16520001 to 18070000) until September 20, 2026; these shares cannot be traded until the lock-in expiry
Important Dates
- Date of Allotment: February 10, 2026
- Trading Commencement: March 11, 2026
- Lock-in Expiry: September 20, 2026
Impact Assessment
This listing adds 1,550,000 equity shares to the tradable float of SMT Engineering Limited post lock-in expiry. In the near term, the shares are locked in and will not add to market liquidity. The preferential allotment to non-promoters indicates a capital-raising exercise. Market impact is expected to be minimal given the small-cap nature of the company and the lock-in period restricting immediate trading.
Impact Justification
Routine listing of preferentially allotted equity shares for a small-cap company; limited broader market impact.