Receipt of Listing Approval for 26,05,000 Equity Shares from BSE
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MPF Systems Ltd has received BSE approval for listing of 26,05,000 equity shares of ₹10 each. These shares were allotted on a preferential basis to the Successful Resolution Applicant under the company's Resolution Plan approved by the NCLT Mumbai Bench on October 15, 2024. The shares carry distinctive numbers from 170133 to 2775132. The company now needs to complete further procedural requirements, including ISIN activation, depository credit confirmation, lock-in confirmation, and shareholding pattern filings, before trading permission is granted.
This is a post-restructuring procedural step following the company's NCLT-approved resolution plan. Once trading permission is granted, these shares will add to the floating supply, with potential dilution for existing shareholders, though SEBI ICDR lock-in norms may restrict immediate selling by the resolution applicant.