Description
NSE notifies listing of further issues for Destiny Logistics & Infra Limited (DESTINY) via preferential warrant conversion and Sameera Agro And Infra Limited (SAIFL) via bonus issue, effective April 24, 2026 on the SME Emerge platform.
Summary
NSE has notified the listing of further issues of securities for two SME Emerge companies — Destiny Logistics & Infra Limited (DESTINY) and Sameera Agro And Infra Limited (SAIFL) — effective April 24, 2026. The additional securities arise from preferential warrant conversions (DESTINY) and a bonus issue (SAIFL), all under Series SM.
Key Points
- Destiny Logistics & Infra Limited (DESTINY, ISIN: INE0IGO01011) is listing two tranches totalling 5,980,500 equity shares of Rs. 10 each at an issue price of Rs. 33 per share, allotted pursuant to conversion of warrants on a preferential basis.
- First tranche: 5,241,000 shares allotted on December 24, 2025 (distinctive numbers 15388001–20629000).
- Second tranche: 739,500 shares allotted on January 5, 2026 (distinctive numbers 20629001–21368500).
- Sameera Agro And Infra Limited (SAIFL, ISIN: INE0PZA01015) is listing 32,599,200 bonus equity shares of Rs. 10 each allotted on June 18, 2025 (distinctive numbers 24060201–56659400).
- Market lot for DESTINY is 1,500 shares; for SAIFL is 4,000 shares.
- All new shares rank pari passu with existing equity shares.
- Lock-in restrictions apply to portions of each allotment as detailed in the respective Annexures.
Regulatory Changes
No new regulatory changes are introduced. This circular is issued 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).
Compliance Requirements
- Trading members must identify these securities solely by their designated NSE codes (DESTINY, SAIFL) and trade only in the prescribed market lot sizes.
- Shares allotted in dematerialised mode are currently credited under temporary ISINs (IN8*) per SEBI circulars CIR/MRD/DP/21/2012 and CIR/MRD/DP/24/2012; activation of the permanent ISIN will follow as per applicable SEBI guidelines.
- Lock-in restrictions must be observed for the specified share quantities until their respective expiry dates.
Important Dates
| Event | Date |
|---|---|
| Circular date | April 23, 2026 |
| Effective date for trading | April 24, 2026 |
| DESTINY allotment (tranche 1) | December 24, 2025 |
| DESTINY allotment (tranche 2) | January 5, 2026 |
| SAIFL bonus allotment | June 18, 2025 |
| DESTINY lock-in expiry (4,200,000 + 649,500 shares) | October 31, 2027 |
| DESTINY lock-in expiry (1,041,000 + 90,000 shares) | October 31, 2026 |
| SAIFL lock-in expiry (880,000 + 11,100,000 shares) | January 15, 2027 |
Impact Assessment
The impact is confined to the two SME Emerge-listed companies and their investors. DESTINY’s combined additional float of ~5.98 million shares at Rs. 33 expands its listed share capital, though a majority remains under lock-in until October 2027. SAIFL’s 32.6 million bonus shares represent a significant increase in listed float but are partially subject to lock-in until January 2027. Broader market impact is negligible given the SME segment size and routine nature of the notification.
Impact Justification
Routine SME Emerge listing notification for two small-cap companies covering previously allotted shares via warrant conversion and bonus issue; no broad market regulatory changes.