Description

Le Merite Exports Limited's equity shares will migrate from SME EMERGE platform to NSE Capital Market Segment (Main Board) effective December 12, 2025.

Summary

NSE has announced the migration of Le Merite Exports Limited’s equity shares from the SME EMERGE platform to the Capital Market Segment (Main Board). Trading on the main board will commence on December 12, 2025. The company has 25,033,600 equity shares with face value of Rs. 10/- each, ISIN INE0G1L01017, and market lot size of 1 share. The migration follows the company’s initial listing on SME EMERGE platform on May 06, 2022.

Key Points

  • Trading symbol: LEMERITE
  • Total equity shares: 25,033,600
  • Face value and paid-up value: Rs. 10/- per share
  • ISIN: INE0G1L01017
  • Market lot size: 1 share
  • Series: EQ (Equity)
  • Distinctive number range: 1 to 25,033,600
  • Shares are pari passu with existing shares
  • Registered office in Mumbai, Maharashtra
  • Company Secretary: Mr. Arpit Sharma
  • Registrar: BIGSHARE SERVICES PRIVATE LIMITED
  • Financial year: April 01 to March 31

Regulatory Changes

No regulatory changes. This is a platform migration from SME segment to main board segment of NSE.

Compliance Requirements

  • Exchange members must update their systems to reflect the migration from SME EMERGE to Capital Market Segment
  • Trading participants should note the new trading platform for LEMERITE effective December 12, 2025
  • Lock-in provisions apply to certain shareholdings as detailed in the annexure

Important Dates

  • December 10, 2025: Circular issued
  • December 12, 2025: Effective date for migration to main board; trading commences on Capital Market Segment
  • February 28, 2026: Lock-in expiry for 1,600 and 817,600 shares
  • April 17, 2026: Lock-in expiry for 61,400 shares
  • June 30, 2026: Lock-in expiry for 673,600 shares

Impact Assessment

Positive Impacts:

  • Enhanced visibility and credibility for Le Merite Exports Limited due to main board listing
  • Access to broader investor base on main board platform
  • Improved liquidity potential for shareholders
  • Milestone achievement indicating company’s growth and compliance maturity

Operational Impacts:

  • Existing shareholders can continue trading with same ISIN
  • No change to face value, paid-up value, or lot size
  • Broker-dealers need to update trading terminals to reflect platform change
  • Lock-in restrictions continue to apply to 1,553,600 shares (approximately 6.2% of total) until various dates in 2026

Neutral Factors:

  • Migration is administrative in nature
  • No dilution or fresh issuance of shares
  • Existing shareholding pattern remains unchanged except for lock-in timelines

Impact Justification

Migration from SME to main board represents a growth milestone for the company and affects trading for existing shareholders, but has limited broader market impact.