VISHNUINFR - Stock Market Circularshttps://rhnvrm.github.io/stock-market-circulars/stocks/vishnuinfr/Regulatory circulars from NSE, BSE, and SEBI with AI-powered summariesHugo -- gohugo.ioen-usMon, 27 Apr 2026 00:00:00 +0000Listing of Further Issues of Securities - Richa Info Systems and Vishnusurya Projects on SME Emergehttps://rhnvrm.github.io/stock-market-circulars/circulars/nse/2026/nse-2026-04-27-93a1f8c50d380dc9-listing-of-further-issues-of-securities/Mon, 27 Apr 2026 00:00:00 +0530https://rhnvrm.github.io/stock-market-circulars/circulars/nse/2026/nse-2026-04-27-93a1f8c50d380dc9-listing-of-further-issues-of-securities/NSE notifies listing of further issued securities of Richa Info Systems Limited and Vishnusurya Projects and Infra Limited on SME Emerge platform, effective April 28, 2026.nselistinglowlowlow93a1f8c50d380dc9https://nsearchives.nseindia.com/content/circulars/CML73915.pdfRICHAVISHNUINFRlistingsme-emergefurther-issueequity-sharespreferential-allotmentwarrant-conversionRICHAVISHNUINFRSummary

NSE has notified the listing of further issued equity shares of two SME Emerge companies — Richa Info Systems Limited (RICHA) and Vishnusurya Projects and Infra Limited (VISHNUINFR) — on the Capital Market (SME Emerge) segment, effective April 28, 2026. The securities were allotted via warrant conversion and preferential issue respectively.

Key Points

  • Two SME Emerge companies have received listing approval for further issued equity shares effective April 28, 2026
  • Richa Info Systems: 260,613 equity shares allotted at Rs. 87 per share via conversion of warrants on preferential basis
  • Vishnusurya Projects and Infra: 1,315,867 equity shares allotted at Rs. 174.18 per share via preferential issue
  • Both series are ‘SM’ with face value of Rs. 10 per share
  • Lock-in periods apply to both sets of newly listed shares
  • Temporary ISIN (IN8*********) used pending SEBI activation per circulars CIR/MRD/DP/21/2012 and CIR/MRD/DP/24/2012

Regulatory Changes

No new regulatory changes introduced. The listing is effected under Regulation 3.1.1 (admission to dealings) and Regulation 2.5.5 (lot sizes) of NSE Capital Market Trading Regulations Part A.

Compliance Requirements

  • Trading in these securities must use the designated security codes only
  • Market lot sizes must be observed: 1,000 shares for RICHA and 500 shares for VISHNUINFR
  • Allotted shares are subject to lock-in restrictions until the respective expiry dates
  • ISIN activation must follow SEBI guidelines under CIR/MRD/DP/21/2012 and CIR/MRD/DP/24/2012

Important Dates

  • Effective Date: April 28, 2026 (trading commences)
  • RICHA Allotment Date: March 11, 2026
  • RICHA Lock-in Expiry: October 31, 2026
  • VISHNUINFR Allotment Date: January 31, 2026
  • VISHNUINFR Lock-in Expiry: October 30, 2026

Impact Assessment

Impact is limited to existing and prospective investors in RICHA and VISHNUINFR on the SME Emerge platform. The addition of 260,613 shares for RICHA (at Rs. 87 issue price) and 1,315,867 shares for VISHNUINFR (at Rs. 174.18 issue price) represents incremental equity dilution for existing shareholders. Lock-in restrictions on these shares until October 2026 limit near-term selling pressure. No broader market or systemic impact is expected.

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