Description
NSE notification for listing of 39,79,917 fully paid-up equity shares of MITCON through conversion of partly paid shares, effective August 01, 2025.
Summary
NSE has approved the listing of 39,79,917 fully paid-up equity shares of MITCON Consultancy & Engineering Services Limited through conversion of partly paid-up shares. The securities will be admitted to trading on the Capital Market segment with effect from August 01, 2025.
Key Points
- 39,79,917 equity shares converted from partly paid-up to fully paid-up
- Face value and paid-up value: Rs. 10/- each
- Trading symbol: MITCON, Series: EQ
- ISIN: INE828O01033 (permanent), currently under temporary ISIN IN8828O01016
- Market lot size: 1 share
- Shares are pari passu with existing equity shares
- No lock-in restrictions applicable
Regulatory Changes
Conversion follows SEBI circulars CIR/MRD/DP/21/2012 and CIR/MRD/DP/24/2012 regarding activation of ISIN for additional share issues. Shares currently credited under temporary ISIN pending activation of permanent ISIN.
Compliance Requirements
- Trading members must use designated security codes for system trading
- Securities identified by codes: MITCON (Symbol), INE828O01033 (ISIN)
- Trading must be conducted in specified lot sizes
Important Dates
- Circular Date: July 31, 2025
- Effective Date: August 01, 2025
- Trading commencement: August 01, 2025
Impact Assessment
The conversion increases MITCON’s freely tradeable shares by nearly 40 lakh shares. This represents a significant addition to the company’s equity base and may improve liquidity. The conversion from partly paid to fully paid shares eliminates any remaining payment obligations on these securities, providing clarity to investors.
Impact Justification
Standard listing procedure for share conversion affecting nearly 40 lakh shares with moderate market impact