Description

NSE announces listing of preferential issue equity shares for Continental Seeds and Chemicals Limited (499,950 shares) and Pramara Promotions Limited (2,373,000 shares) on SME EMERGE platform effective December 05, 2025.

Summary

NSE has admitted further equity shares of Continental Seeds and Chemicals Limited and Pramara Promotions Limited for trading on the Capital Market segment - SME EMERGE platform. The listing is effective from December 05, 2025. Both issuances are preferential allotments with lock-in periods.

Key Points

  • Continental Seeds and Chemicals Limited: 499,950 equity shares of Rs. 10/- each at Rs. 29 per share
  • Pramara Promotions Limited: 2,373,000 equity shares of Rs. 10/- each at Rs. 169 per share
  • Both securities listed on SME EMERGE platform
  • Shares allotted under preferential issue basis
  • Continental Seeds: Allotment date October 30, 2025; Market lot 3,333 shares
  • Pramara Promotions: Allotment date August 26, 2025; Market lot 500 shares
  • Both issuances are pari passu with existing shares
  • Shares credited under temporary ISIN (IN8*********) pending activation of permanent ISIN

Regulatory Changes

No regulatory changes introduced. The circular implements existing regulations under NSE Capital Market Trading Regulations Part A (Regulation 3.1.1 and 2.5.5).

Compliance Requirements

  • Trading members must use designated security codes for identification: CONTI (Continental Seeds) and PRAMARA (Pramara Promotions)
  • Trading must be conducted in specified market lot sizes: 3,333 shares for CONTI and 500 shares for PRAMARA
  • Members must note the lock-in periods applicable to these securities
  • Shares currently held under temporary ISIN per SEBI circulars CIR/MRD/DP/21/2012 and CIR/MRD/DP/24/2012

Important Dates

  • Circular Date: December 04, 2025
  • Effective Date: December 05, 2025
  • Continental Seeds Allotment Date: October 30, 2025
  • Continental Seeds Lock-in Expiry: June 07, 2027
  • Pramara Promotions Allotment Date: August 26, 2025
  • Pramara Promotions Lock-in Expiry: June 15, 2026

Impact Assessment

Market Impact: Low. These are preferential issues in the SME segment with substantial lock-in periods, limiting immediate trading activity and liquidity impact.

Operational Impact: Minimal. Standard listing procedures apply. Trading members need to update their systems with new lot sizes and security identifiers.

Investor Impact: Limited to existing shareholders and preferential allottees. Lock-in periods restrict immediate trading for allottees. Continental Seeds shares locked until June 2027 (approximately 18 months), Pramara Promotions until June 2026 (approximately 6 months).

Liquidity Considerations: The preferential allotments represent additional shares but with lock-in restrictions. Market lots are relatively large (3,333 for CONTI), which may affect retail participation.

Impact Justification

Routine listing of preferential issue shares for two SME companies with limited market impact due to lock-in periods and SME segment classification