Description

BSE lists 2,50,000 new equity shares of Shri Gang Industries & Allied Products Limited (Scrip Code: 523309) issued to promoters on a preferential basis at Rs. 99/- per share, effective May 13, 2026.

Summary

BSE has notified trading members that 2,50,000 new equity shares of Shri Gang Industries & Allied Products Limited (Scrip Code: 523309, ISIN: INE241V01018) are listed and permitted to trade on the Exchange with effect from Wednesday, May 13, 2026. These shares were issued to promoters on a preferential basis at an issue price of Rs. 99/- per share (face value Rs. 10/- with a premium of Rs. 89/-) and are subject to a lock-in period until August 10, 2027.

Key Points

  • 2,50,000 equity shares of Rs. 10/- each issued at a premium of Rs. 89/- (issue price Rs. 99/-) to promoters on a preferential basis
  • Shares are listed and tradable on BSE from May 13, 2026
  • Distribution numbers: 19730001 to 19980000
  • Shares rank pari-passu with existing equity shares of the company
  • Date of allotment: March 30, 2026
  • ISIN: INE241V01018
  • All 2,50,000 shares are under lock-in until August 10, 2027

Regulatory Changes

No new regulatory changes. This is a standard listing notice pursuant to preferential allotment of shares to promoters as per existing SEBI and BSE regulations.

Compliance Requirements

  • Trading members are informed that the new shares are listed and can be traded from May 13, 2026
  • The allotted shares (Dist. Nos. 19730001 to 19980000) are subject to lock-in and cannot be traded by promoters until August 10, 2027

Important Dates

  • Allotment Date: March 30, 2026
  • Trading Commencement: May 13, 2026
  • Lock-in Expiry: August 10, 2027

Impact Assessment

The listing adds 2,50,000 shares to the tradable float of Shri Gang Industries & Allied Products Limited, though these shares are locked in for promoters until August 2027 and will not immediately affect market liquidity. The preferential allotment at Rs. 99/- signals promoter confidence. Overall market impact is minimal given the small share count and lock-in restriction.

Impact Justification

Routine listing of preferentially allotted shares to promoters with a lock-in period; limited broader market impact as it applies to a small-cap company with a modest share count.