NSE’s Listing Department (Circular Ref. No. 0713/2026, Download Ref. NSE/CML/73971) notifies the admission of further securities to dealings on the NSE Capital Market segment under SME EMERGE with effect from April 30, 2026. Two companies are covered: Cool Caps Industries Limited (COOLCAPS) and Dynamic Services & Security Limited (DYNAMIC). The circular specifies designated security codes, lot sizes, allotment details, distinctive number ranges, and lock-in schedules as required under NSE Trading Regulations.

Key Points

• Securities admitted to NSE SME EMERGE segment effective April 30, 2026
• Cool Caps Industries Limited (COOLCAPS): 2,024,370 equity shares of Rs. 2/- face value issued at Rs. 88/- under Preferential allotment (allotted 28-Feb-2026); market lot 1,250; lock-in until 31-Dec-2027
• Dynamic Services & Security Limited (DYNAMIC): Three separate preferential allotment tranches totaling 3,788,888 equity shares of Rs. 10/- face value issued at Rs. 60/-; market lot 500
  • Tranche 1 (allotted 12-Jun-2024): 1,108,888 shares (DN 16426193–17535080)
  • Tranche 2 (allotted 03-May-2024): 1,120,000 shares (DN 15306193–16426192)
  • Tranche 3 (allotted 10-Apr-2024): 1,560,000 shares (DN 13746193–15306192)
• All DYNAMIC tranches are Pari Passu with existing shares; lock-in applies in two sub-tranches per allotment (31-Oct-2027 and 31-Oct-2026)
• Equity shares are allotted in dematerialised form under temporary ISIN (IN8*********) per SEBI circular CIR/MRD/DP/21/2012 and CIR/MRD/DP/24/2012

Regulatory Changes

No new regulatory framework introduced. The circular is issued in pursuance of:

• Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A — admission of securities to dealings
• Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A — specification of lot sizes

Compliance Requirements

• Trading members must use only the designated security codes (COOLCAPS, DYNAMIC) for trading these securities
• Trading must be conducted in the specified lot sizes: 1,250 for COOLCAPS and 500 for DYNAMIC
• Lock-in restrictions must be observed: COOLCAPS shares locked until 31-Dec-2027; DYNAMIC shares locked in sub-tranches until 31-Oct-2026 and 31-Oct-2027 respectively
• Dematerialised shares are credited under temporary ISIN per SEBI guidelines until permanent ISIN assignment

Important Dates

Impact Assessment

COOLCAPS: Addition of 2,024,370 shares (~Rs. 88/- issue price) to the tradeable float on SME EMERGE from April 30, 2026. The full tranche is under lock-in until December 2027, so near-term liquidity impact is limited. Preferential allotment at Rs. 88 versus face value of Rs. 2 signals premium pricing.

DYNAMIC: Three historical preferential allotment tranches (allotted Apr–Jun 2024) totaling 3,788,888 shares are now being formally listed for trading. A significant portion of each tranche remains under lock-in through Oct 2026 and Oct 2027, limiting immediate sell-side pressure. The staggered lock-in expiry introduces potential supply-side events in October 2026 and October 2027.

Overall: Both listings are routine SME EMERGE further issues with no broad market impact. Investors holding or tracking COOLCAPS and DYNAMIC should note the lock-in expiry dates as potential liquidity events.