Description

Solex Energy Limited will migrate from SME EMERGE platform to Capital Market Segment (Main Board) effective October 08, 2025, with 10,802,489 equity shares listed.

Summary

Solex Energy Limited will migrate from the SME EMERGE platform to the National Stock Exchange Capital Market Segment (Main Board) effective October 08, 2025. The company’s equity shares will be traded on the main board under symbol SOLEX with ISIN INE880Y01017. This follows the initial listing on SME EMERGE platform in February 2018.

Key Points

  • Trading symbol: SOLEX
  • ISIN: INE880Y01017
  • Total equity shares: 10,802,489
  • Face value: Rs. 10/- per share
  • Paid-up value: Rs. 10/- per share
  • Market lot size: 1 share
  • Distinctive number range: 1 to 10,802,489
  • Series: EQ (Equity)
  • Lock-in applies to specific shareholdings as per Annexure I
  • 8,000,000 shares have no lock-in restriction
  • Select portions totaling 1,759,587 shares subject to lock-in until March 12, 2026

Regulatory Changes

The migration from SME platform to main board represents a regulatory upgrade, allowing the company to access a broader investor base and enhanced liquidity. The company must now comply with main board listing requirements instead of SME-specific regulations.

Compliance Requirements

  • Registered Office: 8th Floor, 801-812, Rio Empire, Opp. R.T.O, Pal, Surat, Gujarat, 395009
  • Company Secretary: Mrs. Azmin Chiniwala
  • Website: http://solex.in
  • Email: cs@solex.in
  • Financial Year: April 01 to March 31
  • Registrar: KFIN Technologies Limited, Hyderabad
  • Registrar Contact: einward.ris@kfintech.com, Tel: 1800 309 4001
  • Shareholding pattern filed under Reg. 31 for quarter ending September 26, 2025

Important Dates

  • October 06, 2025: Circular issued
  • October 08, 2025: Effective date for migration and commencement of trading on main board
  • March 12, 2026: Lock-in expiry date for certain shareholdings
  • February 02, 2018: Original listing date on SME EMERGE platform (reference circular NSE/CML/36888)

Impact Assessment

Market Impact: Migration to main board typically enhances stock liquidity and visibility, potentially attracting institutional investors who may have restrictions on SME investments. The market lot size of 1 share provides maximum trading flexibility.

Investor Impact: Existing shareholders benefit from improved liquidity and broader market access. The lock-in restrictions on approximately 16.3% of shares (1,759,587 out of 10,802,489) until March 2026 may limit immediate supply.

Operational Impact: The company will face enhanced disclosure requirements and stricter compliance standards applicable to main board listed entities, including more rigorous corporate governance norms.

Impact Justification

Significant corporate event involving migration from SME to main board, affecting trading dynamics and investor access for Solex Energy Limited