Description
Modis Navnirman Limited equity shares will migrate from BSE SME Platform to NSE Main Board with effect from November 14, 2025. Trading symbol: MODIS, ISIN: INE0L0L01012, 19,591,200 equity shares of Rs. 10/- each.
Summary
Modis Navnirman Limited’s equity shares will migrate from the SME Platform of BSE to the Capital Market Segment (Main Board) of the National Stock Exchange of India Limited effective November 14, 2025. The company will trade under the symbol MODIS with ISIN INE0L0L01012. A total of 19,591,200 equity shares of face value Rs. 10/- each will be listed on NSE’s Normal Market segment with compulsory demat for all investors.
Key Points
- Trading Symbol: MODIS
- ISIN: INE0L0L01012
- Series: EQ (Equity)
- Face Value: Rs. 10/-
- Total Securities: 19,591,200 equity shares
- Market Lot: 1 share
- Trading Segment: Normal Market (Rolling Settlement)
- Demat Requirement: Compulsory for all investors
- Pari Passu: Yes
- Circular Reference: NSE/CML/71258, Circular No. 2202/2025
Regulatory Changes
This migration is processed in pursuance of:
- Regulation 3.1.1 of the National Stock Exchange (Capital Market) Trading Regulations Part A - admission of securities to dealings
- Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A - lot size specifications
Compliance Requirements
- Trading members must update their systems to recognize the new NSE symbol MODIS
- All trading must be conducted in demat form only
- Securities will be identified by designated codes on the trading system
- Trading must be executed in specified lot sizes (market lot of 1)
Important Dates
- Circular Date: November 12, 2025
- Effective Date: November 14, 2025
- Lock-in Expiry: December 15, 2025 (for certain tranches of shares)
Lock-in Details
Partial lock-in applies to specific share tranches:
- 80,000 shares (Distinctive Nos. 9,765,569 to 9,845,568) - locked until December 15, 2025
- 320,000 shares (Distinctive Nos. 16,114,801 to 16,434,800) - locked until December 15, 2025
- 80,000 shares (Distinctive Nos. 18,806,401 to 18,886,400) - locked until December 15, 2025
- 20,000 shares (Distinctive Nos. 19,031,201 to 19,051,200) - locked until December 15, 2025
- Total locked shares: 500,000 out of 19,591,200
- Remaining 19,091,200 shares have no lock-in restrictions
Company Information
Registered Office: Modis Navnirman Limited Shop 5, CTS 947/A Rashmi Tara Datta Mandir Kandivali (West) Mumbai Maharashtra - 400067 Tel: +91 9819989100
Company Secretary: Ms. Nishi Modi Email: info@modisnirman.com Website: www.modisnirman.com Financial Year: April 1 to March 31
Registrar: Bigshare Services Private Limited Office No S6-2, 6th Floor, Pinnacle Business Park Next to Ahura Centre, Mahakali Caves Road Andheri (East), Mumbai - 400093 Contact: Mr. Sujit Haldar Email: sujit@bigshareonline.com Tel: +91 7045571837
Impact Assessment
Market Impact: The migration from SME to main board represents a significant development milestone for Modis Navnirman Limited, indicating growth and compliance with mainboard listing requirements. This increases the company’s visibility and liquidity potential.
Trading Impact: The listing on NSE main board may attract institutional investors and increase trading volumes. The low market lot size (1 share) makes the stock accessible to retail investors.
Investor Impact: Existing shareholders will benefit from enhanced liquidity and broader market access. However, 2.55% of shares (500,000) remain under lock-in until December 15, 2025, which may temporarily limit supply. The compulsory demat requirement ensures secure and efficient trading.
Regulatory Impact: The migration demonstrates the company’s compliance with more stringent mainboard listing norms, potentially improving corporate governance standards and disclosure requirements.
Impact Justification
Company migration from SME to main board indicates growth milestone. Affects existing shareholders and traders. Partial lock-in on certain shares until December 15, 2025.