Description
NSE notifies listing of further issued securities for four SME EMERGE companies effective May 06, 2026, including equity shares allotted under ESOP and preferential/warrant conversion basis.
Summary
NSE Circular 0733/2026 (Ref. No. NSE/CML/74063) notifies the admission of further issued securities for four SME EMERGE segment companies to dealings on the National Stock Exchange, effective May 06, 2026. The securities include shares allotted via ESOP, warrant conversions, and preferential allotments.
Key Points
- Four SME EMERGE companies admitted for further dealings effective May 06, 2026
- Securities identified by designated codes; trading in specified lot sizes
- DUDIGITAL GLOBAL LIMITED: 69,788 equity shares (ESOP allotment, no lock-in)
- Krishca Strapping Solutions Limited: 450,000 equity shares (warrant conversion, lock-in until Nov 15, 2026)
- Mandeep Auto Industries Limited: 1,100,000 equity shares (warrant/preferential conversion, lock-in until Nov 20, 2027)
- OBSC Perfection Limited: 1,393,200 equity shares (preferential basis, staggered lock-in from Oct 31, 2026 to various dates)
Regulatory Changes
No new regulatory changes. Circular issued under Regulation 3.1.1 and Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A, governing further admission of securities and lot sizes respectively.
Compliance Requirements
- Trading members must use designated security codes for all transactions
- Trading must be conducted in the specified market lot sizes for each security
- Lock-in restrictions must be observed for applicable tranches of Krishca Strapping, Mandeep Auto, and OBSC Perfection shares
Important Dates
- Effective Date: May 06, 2026 (all four listings)
- DUDIGITAL GLOBAL: Allotment date Apr 27, 2026; no lock-in
- Krishca Strapping: Allotment date Feb 10, 2026; lock-in expiry Nov 15, 2026 (all tranches)
- Mandeep Auto: Allotment date Mar 18, 2026; lock-in expiry Nov 20, 2027
- OBSC Perfection: Allotment date Feb 06, 2026; lock-in expiry dates range from Oct 31, 2026 onward for various tranches
Impact Assessment
| Company | Symbol | ISIN | New Shares | Market Lot | Face Value |
|---|---|---|---|---|---|
| DUDIGITAL GLOBAL LIMITED | DUGLOBAL | INE0HPK01020 | 69,788 | 2,500 | Rs. 2 |
| Krishca Strapping Solutions Limited | KRISHCA | INE0NR701018 | 450,000 | 500 | Rs. 10 |
| Mandeep Auto Industries Limited | MANDEEP | INE0R3T01013 | 1,100,000 | 2,000 | Rs. 10 |
| OBSC Perfection Limited | OBSCP | INE0YHV01011 | 1,393,200 | 400 | Rs. 10 |
All four companies are in the SME EMERGE segment. The additional float is modest relative to typical SME market caps. Lock-in conditions on the majority of Krishca, Mandeep, and OBSC shares limit near-term selling pressure. DUDIGITAL shares (ESOP allotment) have no lock-in and could see some selling activity post-listing.
Impact Justification
Routine further listing notifications for four SME EMERGE segment companies; no regulatory changes, limited to administrative admission of new securities to trading with standard lock-in conditions.