Description

NSE announces listing of further equity shares for Le Merite Exports Limited (673,600 shares) and Viaz Tyres Limited (1,186,000 shares) on SME EMERGE platform effective December 09, 2025.

Summary

NSE has approved the listing of further equity shares for two SME companies on the EMERGE platform effective December 09, 2025. Le Merite Exports Limited will list 673,600 equity shares allotted pursuant to warrant conversion on preferential basis. Viaz Tyres Limited will list 1,186,000 equity shares allotted under preferential allotment. Both securities will trade in dematerialized mode with specified lock-in periods.

Key Points

  • Le Merite Exports Limited (LEMERITE): 673,600 equity shares of Rs. 10/- face value listed

    • Allotted from warrant conversion on preferential basis at Rs. 146.5 issue price
    • Date of allotment: October 16, 2025
    • ISIN: INE0G1L01017
    • Market lot: 400 shares
    • Distinctive number range: 24360001 to 25033600

  • Viaz Tyres Limited (VIAZ): 1,186,000 equity shares of Rs. 10/- face value listed

    • Allotted under preferential allotment at Rs. 70 issue price
    • Date of allotment: November 01, 2025
    • ISIN: INE0MO401019
    • Market lot: 2,000 shares
    • Distinctive number range: 12251001 to 13437000

  • Both securities rank pari passu with existing equity shares

  • Trading effective from December 09, 2025

Regulatory Changes

No regulatory changes introduced. This circular implements existing regulations under NSE Capital Market Trading Regulations Part A (Regulation 3.1.1 for listing admission and Regulation 2.5.5 for lot size specification).

Compliance Requirements

  • Trading Members: Update trading systems to recognize new security codes and lot sizes
  • Market Participants: Note lock-in restrictions on specified securities
  • Depositories: Shares credited under temporary ISIN (IN8*********) per SEBI circulars CIR/MRD/DP/21/2012 and CIR/MRD/DP/24/2012 until activation of permanent ISIN

Important Dates

  • Circular Date: December 08, 2025
  • Effective Date: December 09, 2025
  • Le Merite Lock-in Expiry: June 30, 2026 (all shares)
  • Viaz Tyres Lock-in Expiry: June 15, 2026 (all shares)

Lock-in Details

Le Merite Exports Limited:

  • 323,200 shares (distinctive nos. 24360001 to 24683200): Lock-in until June 30, 2026
  • 350,400 shares (distinctive nos. 24683201 to 25033600): Lock-in until June 30, 2026

Viaz Tyres Limited:

  • 1,186,000 shares (distinctive nos. 12251001 to 13437000): Lock-in until June 15, 2026

Impact Assessment

Market Impact: Minimal. This is a routine administrative listing of further issues for two SME companies. The securities have lock-in periods extending to mid-2026, limiting immediate trading volume.

Operational Impact: Trading members must update systems to recognize the new lot sizes (400 for LEMERITE, 2,000 for VIAZ) and security codes for trading from December 09, 2025.

Investor Impact: Existing shareholders of both companies will see increased share capital. New preferential allottees are subject to lock-in restrictions as specified. The securities trade on the SME EMERGE platform with higher lot sizes typical of SME securities.

Impact Justification

Routine listing of further issues for two SME companies on EMERGE platform with lock-in periods. Limited market-wide impact, relevant only to specific company shareholders and traders.