Trading Approval received from the BSE
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
MPF Systems Ltd has received BSE approval to resume trading of its equity shares from February 23, 2026, following a successful revival under the Insolvency and Bankruptcy Code (IBC). The NCLT Mumbai bench approved the company's Resolution Plan on October 15, 2024. As part of the plan, 55,820 shares held by the erstwhile promoters have been cancelled and extinguished, while 26,05,000 new equity shares of Rs. 10 each have been allotted to the Successful Resolution Applicant and strategic investors on a preferential basis. A total of 27,19,312 shares will have their trading suspension revoked. The scrip will trade in the XT (trade-for-trade) segment for the first 10 days, and the newly allotted shares are locked in until February 28, 2027.
This is a positive development for existing public shareholders whose shares have been retained, and marks the stock's return to active trading after the IBC resolution. New investors should note the lock-in period and trade-for-trade settlement in the initial days, which may limit liquidity and cause sharp price moves.