BSE has announced the listing of 1,43,86,672 fully paid-up equity shares of Keto Motors Limited (formerly Taaza International Limited) under the XT Group, effective May 19, 2026. The listing follows an NCLT-approved Resolution Plan under the Insolvency and Bankruptcy Code (IBC) 2016, which involved significant capital restructuring including capital reduction and preferential allotments.

Key Points

• Effective date for listing on BSE: May 19, 2026 (Tuesday)
• Total shares listed: 1,43,86,672 fully paid-up equity shares of Rs. 10/- each
• Scrip Code: 537392, Scrip ID: KETOMOTORS
• ISIN: INE392H01026
• Group: XT (Trade-to-Trade segment)
• Market Lot: 1
• Face Value: Rs. 10/- per share fully paid up
• Company will be part of special pre-open session for IPO and Other category scrips per SEBI Circulars CIR/MRD/DP/01/2012 and CIR/MRD/DP/02/2012
• Registered Office: 9-1-83 & 84, Amarchand Sharma Complex, Sarojini Devi Road, Secunderabad, Hyderabad, Telangana, 500003

Regulatory Changes

• Trading will take place in the Trade-to-Trade (T2T) segment in accordance with Exchange Notice No. 20230210-55 dated February 10, 2023
• Listing is under XT Group, applicable to companies emerging from insolvency proceedings
• The NCLT Resolution Plan (Hyderabad Bench, June 12, 2025) governs the restructuring

Compliance Requirements

• All Market Participants must note the effective listing date of May 19, 2026
• Trading is restricted to Trade-to-Trade segment — no intraday squaring off permitted
• Lock-in applies to 1,41,00,000 shares (Distinctive Nos. 286673–14386672) until May 31, 2027
• Participants must observe special pre-open session rules as per SEBI circulars dated January 20, 2012

Important Dates

• May 11, 2026: Notice date (BSE Notice No. 20260511-31)
• May 19, 2026: Effective date of listing on BSE under XT Group
• June 12, 2025: NCLT Hyderabad Bench order approving the Resolution Plan
• May 31, 2027: Lock-in expiry for 1,41,00,000 shares

Impact Assessment

Share Structure after Resolution Plan:

• 2,86,672 equity shares allotted post capital reduction (Distinctive Nos. 1–286672)
• 91,00,000 equity shares issued on preferential basis at face value
• 50,00,000 equity shares issued on preferential basis at a premium of Rs. 40/- each

Existing Shareholder Impact:

• Erstwhile promoters and promoter group: entire shareholding cancelled with a pay-out of Rs. 3.70/- per equity share
• Existing public shareholders (non-promoters): 95% of their shareholding cancelled as on Record Date

Market Impact:

• The stock trades in Trade-to-Trade segment, meaning delivery is mandatory for all transactions — no intraday trading permitted
• Over 98% of total listed shares (1,41,00,000 out of 1,43,86,672) are under lock-in until May 31, 2027, severely limiting free-float
• Listing under XT Group signals heightened regulatory scrutiny typical of IBC-resolution companies
• Investors should exercise caution given the limited liquidity from lock-in restrictions and T2T trading rules