Description

NSE notifies listing of further preferential issue securities for Madhusudan Masala Limited (770,000 shares) and Unihealth Hospitals Limited (200,000 shares) on SME EMERGE segment, effective May 11, 2026.

Summary

NSE’s Listing Department (Circular Ref. 0752/2026, Download Ref NSE/CML/74130) notifies the admission to dealings on the NSE Capital Market segment — SME EMERGE of further issued securities for Madhusudan Masala Limited and Unihealth Hospitals Limited, effective May 11, 2026. Both issuances are preferential allotments of equity shares at a premium over face value, with mandatory lock-in periods.

Key Points

  • Two SME EMERGE companies are listing further issued equity shares via preferential allotment effective May 11, 2026.
  • Madhusudan Masala Limited (MADHUSUDAN): 770,000 equity shares at issue price Rs. 181 (face value Rs. 10), ISIN INE0P6701019, market lot 1,000.
  • Unihealth Hospitals Limited (UNIHEALTH): 200,000 equity shares at issue price Rs. 151 (face value Rs. 10), ISIN INE0PRF01011, market lot 500.
  • Both securities are Pari Passu with existing shares.
  • Shares are currently credited under temporary ISINs (IN8*********) per SEBI circulars CIR/MRD/DP/21/2012 and CIR/MRD/DP/24/2012, pending permanent ISIN activation.
  • Trading identification is solely by designated security codes in specified lot sizes.

Regulatory Changes

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

  • Regulation 3.1.1 of NSE Capital Market Trading Regulations Part A (admission to dealings).
  • Regulation 2.5.5 of NSE Capital Market Trading Regulations Part A (lot size specification).

Compliance Requirements

  • Members must use designated security codes exclusively for trading these securities.
  • Trading must be conducted in the prescribed market lot sizes (1,000 for MADHUSUDAN; 500 for UNIHEALTH).
  • Lock-in restrictions must be observed as detailed in Annexure A for MADHUSUDAN and per allotment terms for UNIHEALTH.

Important Dates

  • May 08, 2026: Circular issued.
  • May 11, 2026: Effective date — securities admitted to dealings on NSE SME EMERGE.
  • 27-Mar-2026: Date of allotment for Madhusudan Masala Limited shares.
  • 10-Apr-2026: Date of allotment for Unihealth Hospitals Limited shares.
  • 30-Nov-2026: Lock-in expiry for 25,000 shares of Madhusudan Masala Limited (distinctive numbers 15215001–15240000).
  • 30-Nov-2027: Lock-in expiry for 745,000 shares of Madhusudan Masala Limited (distinctive numbers 14470001–15215000).
  • 31-Dec-2027: Lock-in expiry for Unihealth Hospitals Limited shares.

Impact Assessment

Impact is limited to existing and prospective investors in MADHUSUDAN and UNIHEALTH on the SME EMERGE platform. The additional float is modest (770,000 and 200,000 shares respectively) and subject to significant lock-in, limiting near-term liquidity impact. The preferential allotment premium over face value (Rs. 181 vs Rs. 10 for MADHUSUDAN; Rs. 151 vs Rs. 10 for UNIHEALTH) reflects current market valuations. No systemic or broad market implications are expected.

Impact Justification

Routine further issue listing notification for two SME EMERGE companies with relatively small share counts via preferential allotment; no broad market or regulatory policy implications.