Description

NSE notifies listing of further securities issued by Khfm Hospitality and Facility Management Services Limited, Pramara Promotions Limited, and Thaai Casting Limited on SME EMERGE platform effective October 09, 2025.

Summary

NSE has admitted further securities of three SME EMERGE companies to trading on the Capital Market segment effective October 09, 2025. The listing includes shares issued by Khfm Hospitality and Facility Management Services Limited (warrant conversion), Pramara Promotions Limited (two preferential allotments), and Thaai Casting Limited (preferential allotment). All securities are subject to various lock-in periods.

Key Points

  • KHFM Hospitality: 38,460 equity shares (Rs. 10 face value) allotted on August 23, 2025 from warrant conversion at Rs. 52 per share
  • Pramara Promotions: Two tranches totaling 600,000 shares (Rs. 10 face value) allotted on June 26 and July 2, 2025 at Rs. 123.5 per share
  • Thaai Casting: 1,211,837 equity shares (Rs. 10 face value) allotted on September 4, 2025 at Rs. 101 per share
  • Trading begins October 09, 2025 on SME EMERGE platform
  • Market lot sizes: KHFM (1,550), PRAMARA (1,000), TCL (800)
  • All shares are pari passu with existing equity

Regulatory Changes

No regulatory changes. Circular issued in pursuance of existing Regulation 3.1.1 and 2.5.5 of NSE Capital Market Trading Regulations Part A.

Compliance Requirements

  • Trading Members: Identify securities by designated codes (KHFM, PRAMARA, TCL) only
  • Lot Sizes: Trade only in specified lot sizes as per annexure
  • ISIN Activation: Shares currently credited under temporary ISIN (IN8*********) per SEBI circulars CIR/MRD/DP/21/2012 and CIR/MRD/DP/24/2012 until permanent ISIN activation

Important Dates

  • Effective Date: October 09, 2025
  • Allotment Dates:
    • KHFM: August 23, 2025
    • Pramara (Tranche 1): June 26, 2025
    • Pramara (Tranche 2): July 2, 2025
    • Thaai Casting: September 4, 2025
  • Lock-in Expiry:
    • KHFM: April 30, 2027
    • Pramara: 300,000 shares - April 15, 2027; 300,000 shares - April 15, 2026
    • Thaai Casting: April 30, 2026

Impact Assessment

Market Impact: Minimal. This is a routine administrative notification for SME segment listings with relatively small issuance sizes.

Operational Impact: Trading members can commence trading in these further issues from October 09, 2025 using specified security codes and lot sizes.

Investor Impact: Increases liquidity for existing shareholders of these SME companies. Lock-in periods range from 6 months to 18 months, restricting immediate selling by allottees.

Impact Justification

Routine listing notification for further issues on SME platform affecting three small companies with limited market impact.