Description

BSE lists 2,37,500 new equity shares of Viksit Engineering Limited for trading effective May 18, 2026, issued to the Resolution Applicant on a preferential basis under an NCLT-approved Resolution Plan.

Summary

BSE has notified all market participants that 2,37,500 fully paid-up equity shares of Viksit Engineering Limited (Scrip Code: 506196) are listed and permitted for trading on the Exchange with effect from Monday, May 18, 2026. These shares were issued to the Resolution Applicant on a preferential basis pursuant to the Resolution Plan approved by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench.

Key Points

  • 2,37,500 fully paid-up equity shares of Rs. 10/- each are newly listed on BSE
  • Shares issued to the Resolution Applicant on a preferential basis under an NCLT-approved Resolution Plan
  • NCLT Mumbai Bench order dated February 11, 2025 governs the issuance
  • Date of allotment: March 27, 2026
  • Issue price: Rs. 10/- per share
  • ISIN: INE965V01020
  • Distribution numbers: 12,501 to 2,50,000
  • New shares rank pari-passu with existing equity shares

Regulatory Changes

No new regulatory changes introduced. This circular implements the listing of securities pursuant to an existing NCLT order (February 11, 2025) approving the Resolution Plan under the Insolvency and Bankruptcy Code framework.

Compliance Requirements

  • Market participants must note the lock-in restrictions applicable to the newly listed shares
  • Trading in these securities is permitted only from May 18, 2026
  • Lock-in restrictions must be observed by holders of the restricted shares until June 30, 2027

Important Dates

  • NCLT Order Date: February 11, 2025
  • Date of Allotment: March 27, 2026
  • Trading Commencement: May 18, 2026 (Monday)
  • Lock-in Expiry: June 30, 2027

Impact Assessment

The listing introduces 2,37,500 new equity shares into the market, representing a dilution of the existing shareholder base. Of these, 2,22,500 shares (Dist. Nos. 12,501 to 2,35,000) and 2,500 shares (Dist. Nos. 2,47,501 to 2,50,000) are locked in until June 30, 2027, limiting their immediate tradeable supply. Only a small portion of the new shares will be freely tradeable from inception. The issuance at face value (Rs. 10/-) under a resolution plan context signals the company has undergone insolvency proceedings, which investors should factor into their risk assessment.

Impact Justification

Routine listing of new shares issued under an NCLT-approved resolution plan; affects existing shareholders through dilution and introduces lock-in restrictions on most new shares until June 2027.