Description
NSE notifies listing of further issued securities for 12 companies including Lloyds Metals, Lodha Developers, Mankind Pharma, and others, effective March 27, 2026.
Summary
NSE’s Listing Department (Circular Ref. No. 0522/2026, Download Ref. NSE/CML/73480) notifies that further issued securities of 12 companies will be admitted to dealings on the NSE Capital Market segment effective March 27, 2026. The new shares arise from ESOP allotments and conversion of warrants on a preferential basis.
Key Points
- Effective date for trading: March 27, 2026
- Governed by Regulation 3.1.1 and 2.5.1 of the NSE (Capital Market) Trading Regulations Part A
- Securities are identified by designated codes; trading lot size is 1 for all listed securities
- All newly listed shares rank pari passu with existing equity shares
- Lloyds Metals shares carry a lock-in expiry of October 5, 2026
- All other companies’ shares have no lock-in
Regulatory Changes
No new regulatory changes introduced. The circular is issued in pursuance of existing NSE Capital Market Trading Regulations (Regulation 3.1.1 for admittance to dealings and Regulation 2.5.5 for lot sizes).
Compliance Requirements
- All members must use the designated security codes for trading these securities
- Trading must be conducted in the specified lot sizes (market lot: 1 for all securities)
- Lloyds Metals & Energy shares (805,500 shares) allotted on February 3, 2026 at Rs. 740 are subject to lock-in until October 5, 2026 and must not be traded until expiry
Important Dates
| Company | Allotment Date | Effective Trading Date | Lock-in Expiry |
|---|---|---|---|
| Lloyds Metals And Energy Ltd | Feb 3, 2026 | Mar 27, 2026 | Oct 5, 2026 |
| Lodha Developers Ltd | Mar 18, 2026 | Mar 27, 2026 | Not Applicable |
| Mankind Pharma Ltd | Mar 16, 2026 | Mar 27, 2026 | Not Applicable |
| Metro Brands Ltd | Mar 16, 2026 | Mar 27, 2026 | Not Applicable |
| Moschip Technologies Ltd | Mar 17, 2026 | Mar 27, 2026 | Not Applicable |
| PNB Housing Finance Ltd | — | Mar 27, 2026 | — |
| Poonawalla Fincorp Ltd | — | Mar 27, 2026 | — |
| Keystone Realtors Ltd | — | Mar 27, 2026 | — |
| Tilaknagar Industries Ltd | — | Mar 27, 2026 | — |
| TIL Ltd | — | Mar 27, 2026 | — |
| UNO Minda Ltd | — | Mar 27, 2026 | — |
| Wakefit Innovations Ltd | — | Mar 27, 2026 | — |
Impact Assessment
Lloyds Metals And Energy (LLOYDSME): 805,500 new shares (warrant conversion at Rs. 740, ISIN INE281B01032) added; lock-in applies until October 2026, so no immediate free-float impact.
Lodha Developers (LODHA): 22,992 ESOP shares (Rs. 10 face value, ISIN INE670K01029) — marginal dilution.
Mankind Pharma (MANKIND): 23,256 ESOP shares (Re. 1 face value, ISIN INE634S01028) — marginal dilution.
Metro Brands (METROBRAND): 69,263 ESOP shares (Rs. 5 face value, ISIN INE317I01021) — moderate dilution relative to ESOP pool.
Moschip Technologies (MOSCHIP): 304,689 ESOP shares (Rs. 2 face value, ISIN INE935B01025) — the largest ESOP tranche in this circular; may have a slightly more noticeable impact on free float.
PNB Housing Finance and remaining companies: Details partially extracted from the circular; routine ESOP or further issue admissions expected with minor dilution impact.
Overall market impact is low to medium; these are standard further-issue admissions with no structural market changes.
Impact Justification
Routine further listing circular admitting new shares for 12 companies via ESOP allotments and preferential warrant conversions; no systemic regulatory change but directly affects share counts and tradeable supply for affected stocks.