NSE Circular 0609/2026 (Ref: NSE/CML/73701) notifies the listing and admission to dealings of further issued securities for four companies — DCW Limited, Dev Information Technology Limited, Shriram Finance Limited, and Zim Laboratories Limited — effective April 13, 2026. The allotments arise from different corporate actions including a Scheme of Arrangement, ESOP, and preferential allotments.

Key Points

• Four companies have been granted further listing on NSE’s Capital Market segment effective April 13, 2026.
• DCW Limited: 53,740,360 equity shares (Rs. 2 face value) allotted on February 19, 2026 pursuant to a Scheme of Arrangement (Distinctive Nos. 295155018–348895377).
• Dev Information Technology Limited: 28,482 equity shares (Rs. 2 face value) allotted on March 27, 2026 under ESOP (Distinctive Nos. 56335233–56363714).
• Shriram Finance Limited: 471,121,055 equity shares (Rs. 2 face value) allotted on April 8, 2026 on preferential basis at Rs. 840.93 per share (Distinctive Nos. 1881565372–2352686426); lock-in until October 13, 2026.
• Zim Laboratories Limited: 4,764,497 equity shares (Rs. 10 face value) allotted on March 13, 2026 on preferential basis at Rs. 73.46 per share (Distinctive Nos. 48745715–53510211); lock-in until October 14, 2026.
• All securities are pari passu with existing equity shares; market lot size is 1 for all.
• Temporary ISINs (IN8*) apply for dematerialized shares per SEBI circulars of August and September 2012.

Regulatory Changes

No new regulatory changes introduced. The circular operates under existing Regulation 3.1.1 (admission of securities to dealings) and Regulation 2.5.5 (lot sizes) of the NSE Capital Market Trading Regulations Part A.

Compliance Requirements

• Trading members must use designated security codes and prescribed lot sizes for all transactions in these securities.
• Lock-in restrictions apply to Shriram Finance (until October 13, 2026) and Zim Laboratories (until October 14, 2026) preferential allotment shares — these cannot be traded until lock-in expiry.
• Temporary ISINs will be in use for dematerialized allotments until permanent ISINs are activated per SEBI guidelines.

Important Dates

• April 13, 2026: Effective date for listing and commencement of trading for all four companies’ further issued securities.
• February 19, 2026: Allotment date for DCW Limited (Scheme of Arrangement).
• March 27, 2026: Allotment date for Dev Information Technology Limited (ESOP).
• April 8, 2026: Allotment date for Shriram Finance Limited (preferential basis).
• March 13, 2026: Allotment date for Zim Laboratories Limited (preferential basis).
• October 13, 2026: Lock-in expiry for Shriram Finance preferential allotment.
• October 14, 2026: Lock-in expiry for Zim Laboratories preferential allotment.

Impact Assessment

The most significant impact is from Shriram Finance Limited, where 471.1 million shares at Rs. 840.93 represent a very large preferential allotment that could affect the company’s share float and ownership structure. DCW’s allotment of 53.7 million shares via Scheme of Arrangement also carries meaningful dilution. Dev Information Technology’s 28,482 ESOP shares have minimal market impact. Zim Laboratories’ 4.76 million preferential shares at Rs. 73.46 are moderate. Lock-in provisions for the two preferential allotments (Shriram Finance and Zim Laboratories) limit near-term selling pressure from those allottees until October 2026.