Description

BSE lists 4,00,00,000 new equity shares of Cranes Software International Ltd. issued to promoters on a preferential basis via warrant conversion, effective April 28, 2026.

Summary

BSE has listed 4,00,00,000 (4 crore) new equity shares of Cranes Software International Ltd. (Scrip Code: 512093, ISIN: INE234B01023) effective April 28, 2026. The shares were issued at Rs. 4.57/- each (face value Rs. 2/- plus premium of Rs. 2.57/-) to promoters on a preferential basis pursuant to conversion of warrants. These shares rank pari-passu with existing equity shares of the company.

Key Points

  • 4,00,00,000 equity shares of Rs. 2/- each issued at a premium of Rs. 2.57/- (issue price Rs. 4.57/-) to promoters via preferential allotment
  • Shares allotted on 09 December 2025; listed and permitted to trade from 28 April 2026
  • Distribution numbers: 151957226 to 191957225
  • ISIN: INE234B01023
  • Shares rank pari-passu with existing equity shares
  • Substantial lock-in restrictions apply to the entire allotment

Regulatory Changes

No new regulatory changes. This is a standard listing notice under BSE’s listing operations framework for newly issued securities.

Compliance Requirements

  • Trading members are informed to permit trading of the newly listed shares from April 28, 2026
  • Lock-in restrictions must be observed as per the details provided; shares cannot be traded until lock-in expiry dates

Important Dates

  • Date of Allotment: 09 December 2025
  • Listing / Trading Effective Date: 28 April 2026 (Tuesday)
  • Lock-in Expiry (38,391,445 shares, Dist. Nos. 151957226–190348670): 20 November 2027
  • Lock-in Expiry (1,608,555 shares, Dist. Nos. 190348671–191957225): 20 November 2026

Impact Assessment

The listing adds 4 crore new equity shares to Cranes Software International Ltd.’s share capital, diluting existing shareholders. However, near-term market impact on free float is limited as 38,391,445 shares (approximately 96% of the new issue) are locked in until November 2027, and the remaining 1,608,555 shares are locked in until November 2026. No new shares from this allotment will be freely tradeable until November 2026 at the earliest. The issue price of Rs. 4.57/- serves as a reference point for valuation context.

Impact Justification

Routine listing of preferentially allotted shares post warrant conversion. Medium impact due to addition of 4 crore new equity shares to the cap table, though majority are under lock-in until late 2027, limiting near-term float increase.