Regulatory8 Aug 2026, 03:01 pm
Burnpur Cement Receives Trading Approval for 17.22M Shares Post Capital Reduction
AI Summary
Burnpur Cement Ltd has announced the receipt of trading approval from both the National Stock Exchange (NSE) and BSE for 17,224,873 equity shares of Rs. 10 each. This approval follows a capital reduction process undertaken as per a resolution plan sanctioned by the National Company Law Tribunal (NCLT) on October 30, 2024. The shares will be listed and admitted to dealings on the NSE effective August 11, 2026. The company has been informed that the scrip will be part of the T Group of Securities and will be in the Trade-for-Trade segment for 10 trading days.
Key Highlights
- Trading approval received from NSE and BSE for 17.22 million equity shares.
- Approval is post capital reduction as per NCLT resolution plan.
- Shares to be listed and traded on NSE from August 11, 2026.
- Scrip will be in the T Group and Trade-for-Trade segment initially.
- This action is a significant step after NCLT's approval.
Price Impact
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