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  3. Viksit Engineering Limited Receives BSE Listing Approval for 2,37,500 Preferential Equity Shares Allotted to Promoters
ipo services in India
India IPO
  • 07 May 2026
  • X
 Viksit Engineering Limited Receives BSE Listing Approval for 2,37,500 Preferential Equity Shares Allotted to Promoters

Viksit Engineering Limited received BSE listing approval on May 6, 2026, for 2,37,500 fully paid-up equity shares at a face value of INR 10/- each, amounting to INR 23,75,000/-, allotted to promoters on a preferential basis. The allotment was approved by the Board of Directors on March 27, 2026, in accordance with the NCLT Order dated February 11, 2025, and the Resolution Plan approved therein. The company must now complete trading formalities, including depository confirmations and filing for trading approval within seven working days of the listing approval date, as mandated by applicable SEBI regulations.

Viksit Engineering Limited Receives BSE Listing Approval for 2,37,500 Preferential Equity Shares Allotted to Promoters

Viksit Engineering Limited has informed BSE Limited of the receipt of listing approval for 2,37,500 fully paid-up equity shares issued to its promoters on a preferential basis. The disclosure, made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was communicated to the exchange on May 7, 2026.

Listing Approval Details

The listing approval was received from BSE Limited on May 6, 2026. The approved shares carry a face value of INR 10/- each, with the total issuance amounting to INR 23,75,000/-. The allotment was made to promoters on a preferential basis in accordance with the NCLT Order dated February 11, 2025, read with the Resolution Plan approved therein, and was sanctioned at the Board of Directors meeting held on March 27, 2026.

The key details of the listing approval are summarised below:

Parameter: Details Regulatory Authority: BSE Limited Number of Shares: 2,37,500 fully paid-up equity shares Face Value per Share: INR 10/- Total Issue Amount: INR 23,75,000/- Distinctive Numbers: 12,501 to 2,50,000 Allotment Basis: Preferential — to Promoters Board Approval Date: March 27, 2026 Listing Approval Date: May 6, 2026 Regulatory Reference: NCLT Order dated February 11, 2025

Compliance and Next Steps

Following the receipt of listing approval, the company is required to complete all requisite trading formalities and effect the credit of equity shares to the respective demat accounts of the allottees. Trading approval for the aforementioned shares will be granted by the exchange only upon fulfilment of the following conditions:

Submission of listing approval from the National Stock Exchange of India Ltd., if applicable

Confirmation letters from NSDL/CDSL regarding the credit of shares to respective beneficiary accounts and admission of capital to the depository system

Confirmation letters from NSDL/CDSL regarding lock-in of pre-preferential holdings, if applicable

As per Schedule XIX of the SEBI (Issue of Capital and Disclosure Requirements) Regulations and SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, the company is required to make an application for trading approval to the stock exchange within seven working days from the date of grant of listing approval. Non-compliance with this requirement will attract fines as specified under the applicable SEBI Master Circular.

Regulatory Framework

The disclosure has been made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, as amended, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The Whole-Time Director, Animesh Sharma (DIN: 10905825), signed the disclosure on behalf of the company. Viksit Engineering Limited has stated that it will continue to keep all stakeholders and regulatory authorities informed of further material developments in this regard.

Viksit Engineering Limited has announced receipt of a revised trading approval from BSE Limited for 12,500 equity shares, superseding its previous communication due to a typographical error. The company issued an updated disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015, confirming the corrected trading approval details.

Revised Trading Approval Details

The company received the revised trading approval letter from BSE Limited on April 7, 2026, which supersedes the original Trading Letter No. DCS/AMAL/NB/011/2026-27 dated April 6, 2026. The revision was necessitated due to a typographical error in the original communication.

Parameter: Details Number of Shares: 12,500 fully paid-up equity shares Face Value: INR 10.00 per share Total Amount: INR 1,25,000 Trading Commencement: April 7, 2026 Distinctive Numbers: 1 to 12,500 Revised Letter No.: DCS/AMAL/NB/011-R/2026-27

Regulatory Compliance Framework

The updated disclosure maintains compliance with multiple regulatory requirements. The company continues to adhere to provisions under Regulation 30 of SEBI (LODR) Regulations, 2015, along with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The share allotment was approved by the Board of Directors in their meeting held on November 28, 2025, in accordance with the NCLT Order dated February 11, 2025 and the Resolution Plan approved under the Insolvency and Bankruptcy Code, 2016.

Impact on Trading Operations

The revised trading approval confirms that trading members of BSE Limited are authorized to trade in the company's securities effective from April 7, 2026. BSE Limited issued Notice No. 20260402-20 dated April 2, 2026 to trading members regarding this approval. The revision ensures accurate documentation while maintaining the same trading parameters and timeline.

Corporate Restructuring Context

The trading approval represents a continuation of Viksit Engineering Limited's corporate restructuring process under the insolvency resolution framework. The shares have been allotted to public shareholders as part of the approved resolution plan, enabling the company to maintain normal trading operations on the BSE platform following the corrected documentation.

Viksit Engineering Limited, incorporated in 1983 with CIN L99999MH1983PLC029321, maintains its registered office at Room No. 1-2, Kapadia Chambers, 51, Masjid Bunder (E) Mumbai - 400009. The company trades under scrip code 506196 on BSE Limited.

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