Description

NSE notifies listing of further securities for Grill Splendour Services Limited (BIRDYS) and Party Cruisers Limited (PARTYCRUS) on the SME EMERGE platform, effective March 10, 2026.

Summary

NSE has admitted further securities of Grill Splendour Services Limited (Symbol: BIRDYS) and Party Cruisers Limited (Symbol: PARTYCRUS) to dealings on the Capital Market segment under SME EMERGE, effective March 10, 2026. The new securities arise from warrant conversion and ESOP allotment respectively.

Key Points

  • Grill Splendour Services Limited (BIRDYS) lists 210,255 equity shares of Rs. 10 each allotted pursuant to conversion of warrants issued on a preferential basis at an issue price of Rs. 85.61, with a market lot of 1,200.
  • Party Cruisers Limited (PARTYCRUS) lists 44,512 equity shares of Rs. 10 each allotted under ESOP, with a market lot of 1,000.
  • Both securities are admitted under Series SM on NSE SME EMERGE.
  • Both new issues rank pari passu with existing shares.
  • Shares have been credited under temporary ISIN (IN8*********) in dematerialized mode per SEBI circular CIR/MRD/DP/21/2012 and CIR/MRD/DP/24/2012.

Regulatory Changes

No new regulatory changes. This circular is issued in pursuance of Regulation 3.1.1 and Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A, which govern admission of further securities and lot sizes respectively.

Compliance Requirements

  • Trading members must use the designated security codes (BIRDYS and PARTYCRUS) for all trades in these securities.
  • Trades must be conducted in the specified market lot sizes: 1,200 for BIRDYS and 1,000 for PARTYCRUS.
  • Lock-in restrictions must be observed for applicable shares in Party Cruisers Limited as detailed in Annexure A (lock-in expiry: September 30, 2029 for specified tranches).

Important Dates

  • Effective Date: March 10, 2026 (trading commences)
  • BIRDYS Date of Allotment: February 3, 2026; Lock-in Expiry: September 14, 2026
  • PARTYCRUS Date of Allotment: February 19, 2026
  • PARTYCRUS Lock-in Expiry (select tranches): September 30, 2029

Impact Assessment

The listing of these further issues is routine in nature and limited to the SME EMERGE segment. The share counts involved (210,255 for BIRDYS and 44,512 for PARTYCRUS) are small and unlikely to have significant market impact. Lock-in provisions on a portion of PARTYCRUS shares restrict near-term liquidity for those tranches. Overall market impact is minimal.

Impact Justification

Routine further issue listing notifications for two SME EMERGE companies involving relatively small share counts via warrant conversion and ESOP allotment, with no broader market impact.