Intimation of Trading Approval received from BSE Limited for 50,00,000 equity shares of Re. 1/- each has been attached herewith.
Awaiting price reaction for this filing.
Alka India Limited has received BSE approval for trading of 50,00,000 equity shares of Re. 1 each, with trading set to begin on January 29, 2026 under the XT group in the Trade-to-Trade segment. This follows an NCLT-approved resolution plan under the Insolvency and Bankruptcy Code, ordered on February 7, 2025, under which the company's share capital was slashed from 50 crore shares to 50 lakh shares. Existing promoters were fully wiped out, 47.5 lakh shares were allotted to the Successful Resolution Applicants (new promoters), and 2.5 lakh shares were distributed to existing public shareholders on a proportionate basis. The company will carry Scrip Code 530889 and ISIN INE061B01038.
This is effectively a re-listing event after the company emerged from corporate insolvency, meaning the stock has a completely restructured capital base and new promoters. Shareholders should be cautious about thin liquidity given the Trade-to-Trade segment classification and the fact that around 45 lakh of the 50 lakh shares are under lock-in until January 31, 2027, which will restrict free-float supply for nearly a year.