Description

NSE announces listing of additional equity shares for Mason Infratech Limited (1,408,000 shares from warrant conversion) and Richa Info Systems Limited (3,174,220 shares from preferential issue) on SME EMERGE platform effective December 23, 2025.

Summary

NSE has approved the listing of further equity shares for two companies on the SME EMERGE platform effective December 23, 2025. Mason Infratech Limited will list 1,408,000 equity shares issued through warrant conversion, while Richa Info Systems Limited will list 3,174,220 equity shares issued on preferential basis. Both issues have lock-in periods extending to June 2026.

Key Points

  • Mason Infratech Limited (MASON): 1,408,000 equity shares of Rs. 10/- each allotted pursuant to conversion of warrants on preferential basis
  • Richa Info Systems Limited (RICHA): 3,174,220 equity shares of Rs. 10/- each issued under preferential allotment
  • Both securities admitted to NSE Capital Market segment - SME EMERGE
  • Effective date: December 23, 2025
  • Securities issued in dematerialized mode under temporary ISINs per SEBI guidelines

Regulatory Changes

No regulatory changes introduced. This 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 these securities
  • Trading must be conducted in specified lot sizes as per annexure
  • Securities currently under temporary ISIN (IN8*********) in accordance with SEBI circular CIR/MRD/DP/21/2012 and CIR/MRD/DP/24/2012
  • Lock-in restrictions apply until specified dates

Important Dates

  • Circular Date: December 22, 2025
  • Effective Date: December 23, 2025
  • Mason Infratech Allotment Date: October 16, 2025
  • Mason Infratech Lock-in End: June 30, 2026
  • Richa Info Systems Allotment Date: September 9, 2025
  • Richa Info Systems Lock-in End: June 29, 2026

Impact Assessment

Market Impact: Low - routine listing of further issues for SME companies with limited trading volumes expected due to lock-in periods.

Operational Impact: Minimal - standard listing process with no special trading arrangements required.

Mason Infratech Limited Details

  • Symbol: MASON
  • Series: SM
  • ISIN: INE0SH001010 (temporary)
  • Face Value: Rs. 10
  • Issue Price: Rs. 124
  • Number of Securities: 1,408,000
  • Distinctive Number Range: 22532001 to 23940000
  • Market Lot: 500
  • Pari Passu: Yes

Richa Info Systems Limited Details

  • Symbol: RICHA
  • Series: SM
  • ISIN: INE0J1P01015 (temporary)
  • Face Value: Rs. 10
  • Issue Price: Rs. 87
  • Number of Securities: 3,174,220
  • Distinctive Number Range: 10328001 to 13502220
  • Market Lot: 1000
  • Pari Passu: Yes

Impact Justification

Routine listing of further issues for two SME companies on EMERGE platform with lock-in periods. Limited broader market impact as these are preferential allotments with standard compliance procedures.