BSE has notified trading members that 18,01,481 new equity shares of Span Divergent Limited (Scrip Code: 524727, ISIN: INE004E01016) have been listed and permitted for trading on the Exchange with effect from Thursday, May 14, 2026. These shares were issued at a premium of Rs. 22.16/- (face value Rs. 10/-) to non-promoters on a preferential basis and rank pari-passu with existing equity shares.

Key Points

• 18,01,481 equity shares of Rs. 10/- each issued at a premium of Rs. 22.16/- per share to non-promoters on preferential basis
• Issue price: Rs. 32.16/- per share
• Distribution numbers: 7276001 to 9077481
• New shares rank pari-passu with existing equity shares of the company
• All 18,01,481 shares are subject to lock-in until 25 November 2026
• ISIN: INE004E01016

Regulatory Changes

No new regulatory changes introduced. This is a standard listing notice under BSE’s Listing Operations framework for newly issued securities pursuant to a preferential allotment.

Compliance Requirements

• Trading members are informed to update their records to reflect the new securities available for trading from May 14, 2026
• The lock-in restriction on all 18,01,481 shares must be observed until 25 November 2026; these shares cannot be traded during the lock-in period

Important Dates

• Date of Allotment: 28 March 2026
• Effective Date of Trading: 14 May 2026 (Thursday)
• Lock-in Expiry: 25 November 2026

Impact Assessment

The listing adds 18,01,481 new equity shares to the tradeable float of Span Divergent Limited, representing a preferential allotment to non-promoters. However, all newly listed shares are locked in until November 25, 2026, so there is no immediate increase in free-float or trading liquidity. Market impact is limited to the company’s existing shareholders and prospective investors monitoring the scrip (Code: 524727). The allotment was completed on March 28, 2026, and the listing formalises the tradability of these shares post-lock-in.