Description

NSE announces listing of further equity shares issued by Black Box Limited, Centrum Capital Limited, Hubtown Limited, Mufin Green Finance Limited, Sai Life Sciences Limited, Transport Corporation of India Limited, UTI Asset Management Company Limited, Wipro Limited, and New Delhi Television Limited effective October 13, 2025.

Summary

The National Stock Exchange has notified the listing of further equity shares issued by nine companies on the Capital Market segment effective October 13, 2025. The securities include shares issued through preferential allotment, warrant conversions, and ESOP schemes. All securities will trade with a market lot of 1 share and are subject to various lock-in periods.

Key Points

  • Black Box Limited (BBOX): 25,000 equity shares of Rs. 2/- each issued under preferential allotment at Rs. 417 per share, allotted on September 5, 2025, lock-in until April 25, 2026
  • Centrum Capital Limited (CENTRUM): 43,546,454 equity shares of Re. 1/- each issued on preferential basis at Rs. 34.38 per share, allotted on August 28, 2025, lock-in until April 12, 2026
  • Hubtown Limited (HUBTOWN): 1,581,747 equity shares of Rs. 10/- each issued pursuant to warrant conversion at Rs. 220 per share, allotted on July 25, 2025, lock-in until May 30, 2027
  • Mufin Green Finance Limited (MUFIN): 4,640,000 equity shares of Re. 1/- each issued pursuant to warrant conversion at Rs. 55 per share, allotted on June 26, 2025, with differential lock-in periods (2,750,000 shares until April 15, 2027; 1,890,000 shares until April 15, 2026)
  • Sai Life Sciences Limited (SAILIFE): 150,500 equity shares of Re. 1/- each allotted under ESOP on September 3, 2025, no lock-in applicable
  • Effective date for trading: October 13, 2025
  • All securities are pari passu with existing equity shares
  • Market lot size: 1 share for all listed securities

Regulatory Changes

No regulatory changes introduced. This circular is issued in pursuance of existing regulations:

  • Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A - admission of securities to dealings
  • Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A - specification of lot sizes

Compliance Requirements

  • Trading Members: Must identify securities only by designated security codes (ISIN and trading symbols) provided in the annexure
  • Trading Execution: Must adhere to specified market lot size of 1 share for all listed securities
  • Lock-in Compliance: Trading systems must enforce lock-in restrictions as specified for each company until respective expiry dates
  • Effective Implementation: All changes to be implemented from October 13, 2025

Important Dates

  • Circular Issue Date: October 10, 2025
  • Effective Date for Trading: October 13, 2025
  • Allotment Dates:
    • Sai Life Sciences: September 3, 2025
    • Black Box Limited: September 5, 2025
    • Centrum Capital: August 28, 2025
    • Hubtown Limited: July 25, 2025
    • Mufin Green Finance: June 26, 2025
  • Lock-in Expiry Dates:
    • Black Box Limited: April 25, 2026
    • Centrum Capital: April 12, 2026
    • Mufin Green Finance: April 15, 2026 (partial) and April 15, 2027 (partial)
    • Hubtown Limited: May 30, 2027
    • Sai Life Sciences: Not applicable

Impact Assessment

Market Impact: Low. These are routine further issues representing relatively small increases in outstanding shares for most companies. The largest issuance is Centrum Capital with 43.5 million shares, while others range from 25,000 to 4.64 million shares.

Liquidity Impact: Minimal immediate impact due to lock-in periods ranging from 6 months to 2+ years for most securities. Only Sai Life Sciences ESOP shares are immediately tradable without lock-in restrictions.

Investor Considerations:

  • Lock-in periods restrict immediate supply of these shares to the market
  • All shares are pari passu, meaning they carry identical rights as existing equity
  • Preferential allotments and warrant conversions typically involve promoters or strategic investors
  • ESOP shares represent employee compensation and may see gradual market entry

Operational Impact: Standard administrative listing with no special trading arrangements or margin requirements specified.

Impact Justification

Routine administrative listing of further equity issues. Limited market impact as these are small secondary issuances under preferential allotment, warrant conversions, and ESOP schemes with applicable lock-in periods.