Description
NSE notifies listing of further equity shares of Dynamic Services & Security Limited (DYNAMIC) and Visaman Global Sales Limited on the SME EMERGE segment, effective May 18, 2026, covering multiple warrant-conversion tranches with lock-in provisions.
Summary
NSE has notified the listing of further equity shares of Dynamic Services & Security Limited (Symbol: DYNAMIC) and Visaman Global Sales Limited on the Capital Market segment under SME EMERGE, effective May 18, 2026. The securities are admitted under Regulation 3.1.1 and Regulation 2.5.5 of NSE Capital Market Trading Regulations Part A, with designated lot sizes specified in the Annexure.
Key Points
- Effective date for new listings: May 18, 2026
- Segment: SME EMERGE (Capital Market segment)
- Market lot size: 500 shares for Dynamic Services & Security Limited
- ISIN for Dynamic Services & Security Limited: INE0DZ701010
- Series: SM
- Face Value: Rs. 10/-; Issue Price: Rs. 60/- per share
- All new securities rank pari passu with existing shares
- Multiple tranches of equity shares allotted via conversion of warrants on preferential/preference basis
Regulatory Changes
No new regulatory changes introduced. This circular is issued in pursuance of existing NSE Capital Market Trading Regulations:
- Regulation 3.1.1: Admission of securities to dealings
- Regulation 2.5.5: Lot size specification for admitted securities
Compliance Requirements
- Trading members must identify securities only by their designated codes
- Trading must occur in the specified lot size of 500 shares
- Lock-in restrictions must be observed as per Annexure A details for each tranche
Important Dates
| Event | Date |
|---|---|
| Circular Date | May 15, 2026 |
| Effective / Trading Commencement | May 18, 2026 |
| Allotment 1 (Dynamic) – 2,022,000 shares | August 13, 2024 |
| Allotment 2 (Dynamic) – 1,001,112 shares | September 14, 2024 |
| Allotment 3 (Dynamic) – 1,760,000 shares | September 7, 2024 |
| Allotment 4 (Dynamic) – 525,000 shares | January 11, 2025 |
| Lock-in Expiry (partial tranches) | November 15, 2026 |
| Lock-in Expiry (remaining tranches) | November 15, 2027 |
Impact Assessment
Dynamic Services & Security Limited (DYNAMIC): Four tranches of equity shares arising from conversion of warrants (preferential/preference basis) are being listed. Combined, these tranches add approximately 5,308,112 shares to the tradeable universe on SME EMERGE. The dual-tiered lock-in (Nov 2026 and Nov 2027) limits immediate free float impact.
Visaman Global Sales Limited: Listed in the circular title but details were not fully captured in the available content; traders should refer to the full PDF for complete Annexure data.
Overall market impact is low, as this is a routine SME segment listing action affecting niche, lower-liquidity securities. No broader market or compliance obligations are created for general trading members beyond adhering to the specified lot sizes and lock-in schedules.
Impact Justification
Routine further listing notification for SME segment companies involving warrant conversions; limited market-wide impact, relevant only to existing shareholders and traders of the named securities.