Listing of Further Issues of Securities - MAGSON, SARTELE, UTSSAV on SME EMERGE

Description

NSE notifies listing of further issues of equity shares for Magson Retail and Distribution Limited, Sar Televenture Limited, and Utssav CZ Gold Jewels Limited on the SME EMERGE platform, effective March 30, 2026.

Summary

NSE has notified the listing of further issues of equity shares for three SME EMERGE companies — Magson Retail and Distribution Limited (MAGSON), Sar Televenture Limited (SARTELE), and Utssav CZ Gold Jewels Limited (UTSSAV) — effective March 30, 2026. All shares were allotted pursuant to conversion of warrants issued on a preferential basis and are admitted to dealings on the NSE Capital Market (SME EMERGE) segment.

Key Points

• Three SME EMERGE companies are listing further issues of equity shares effective March 30, 2026
• All new shares were allotted via conversion of warrants on a preferential basis
• Shares are pari passu with existing equity shares of the respective companies
• Lock-in restrictions apply on portions of the newly listed shares
• Trading must use designated security codes and specified market lot sizes
• Temporary ISINs (IN8*) apply per SEBI circulars CIR/MRD/DP/21/2012 and CIR/MRD/DP/24/2012 until activation

Regulatory Changes

No new regulatory changes are introduced. The listing is made in pursuance of:

• Regulation 3.1.1 of the NSE (Capital Market) Trading Regulations Part A — admission of securities to dealings
• Regulation 2.5.5 of the NSE (Capital Market) Trading Regulations Part A — lot sizes for securities

Compliance Requirements

• Trading members must use only the designated security codes (MAGSON, SARTELE, UTSSAV) for trading these securities
• Trading must be conducted in the specified market lot sizes: 1000 (MAGSON), 500 (SARTELE), 600 (UTSSAV)
• Lock-in restrictions must be observed as specified per company

Important Dates

• Effective Date: March 30, 2026 — securities admitted to dealings on NSE SME EMERGE
• MAGSON allotment date: February 6, 2026 | Lock-in expiry: November 10, 2026
• SARTELE allotment date: January 9, 2026 | Lock-in expiry: September 29, 2026 (495,500 shares) and September 30, 2027 (1,000,000 shares) and September 29, 2026 (475,000 shares)
• UTSSAV allotment date: August 29, 2025 | Lock-in expiry: October 9, 2026

Impact Assessment

MAGSON (Magson Retail and Distribution Limited):

• 875,460 new equity shares (face value Rs. 10, issue price Rs. 93.25) listed
• ISIN: INE0O1S01012 | Series: SM | Market lot: 1,000
• Distinctive numbers: 11449709 to 12325168

SARTELE (Sar Televenture Limited):

• 1,970,500 new equity shares (face value Rs. 2, issue price Rs. 242) listed
• ISIN: INE0PUC01020 | Series: SM | Market lot: 500
• Distinctive numbers: 47107501 to 49078000
• Staggered lock-in: portions expire September 2026 and September 2027

UTSSAV (Utssav CZ Gold Jewels Limited):

• 330,000 new equity shares (face value Rs. 10, issue price Rs. 222) listed
• ISIN: INE06IJ01010 | Series: SM | Market lot: 600
• Distinctive numbers: 23818001 to 24148000

The listing increases the tradeable float for all three SME companies. The lock-in periods limit near-term selling pressure from allottees. Impact is limited to investors and traders in these specific SME securities.

Impact Justification

Routine listing of further issues via warrant conversion for three SME EMERGE companies; affects existing shareholders and traders in these specific securities but has no broader market-wide regulatory impact.