BSE Scrip: [Scrip Code Not Specified in Document]

Announcement Date: May 26, 2026

Offer Details:

Type of Transaction: Offer for Sale (OFS) through stock exchange mechanism

Seller (Promoter): The President of India, acting through and represented by the Ministry of Coal, Government of India

Number of Shares Offered:

  • Base Offer Size: 61,627,283 Equity Shares (1.00% of total paid-up equity share capital)
  • Oversubscription Option: Up to 61,627,283 additional Equity Shares (1.00% of total paid-up equity share capital)
  • Total Potential Offer: Up to 123,254,566 Equity Shares (2.00% of total paid-up equity share capital)

Percentage of Paid-Up Equity:

  • Base Offer: 1.00%
  • With Oversubscription Option: 2.00%

Employee Offer: Up to 25,000 Equity Shares may be offered to eligible employees

Timelines:

T Day (Non-Retail Investors): May 27, 2026

T+1 Day (Retail Investors and Carry-Forward Bids): May 29, 2026

Bidding Hours: 9:15 a.m. to 3:30 p.m. Indian Standard Time on both days

Pricing & Allocation:

Floor Price: ₹412.00 per Equity Share

Retail Discount: Nil

Allocation Method:

  • Allocation at or above Floor Price on price priority basis at multiple clearing prices
  • No single bidder (except Mutual Funds and Insurance Companies) allocated more than 25% of Offer Shares

Non-Retail Category Allocation:

  • Minimum 25% reserved for Mutual Funds and Insurance Companies
  • Non-retail investors may indicate willingness to carry forward un-allotted bids to T+1 day
  • Allocation at Cut-Off Price or higher as per bids

Retail Category Allocation:

  • 10% of Offer Shares reserved for Retail Investors (bids ≤ ₹200,000 aggregated across exchanges)
  • Retail Investors may bid at any price above Floor Price or at Cut-Off Price
  • In oversubscription, allocation done on proportionate basis

Employee Allocation:

  • Employees may bid only at Cut-Off Price
  • Each employee eligible for allotment up to ₹200,000, with total not exceeding ₹500,000
  • PAN mis-matched bids rejected

Brokers & Settlement:

Seller's Brokers:

1. Axis Capital Limited (BSE: 6105; NSE: 13872)

2. ICICI Securities Limited (BSE: 103; NSE: 07730)

3. JM Financial Institutional Securities Limited (BSE: 400; NSE: 12966)

4. Kotak Securities Limited (BSE: 673; NSE: 08081)

5. SBICAP Securities Limited (BSE: 095; NSE: 10529)

Settlement Broker: Kotak Securities Limited

Settlement Timelines:

  • Non-Retail Category bids on T day: Settlement on T+1 Day
  • Non-Retail carried forward bids on T+1 day: Settlement on T+2 Day
  • Retail and Employee Category bids: Settlement on T+2 Day

Withdrawal & Cancellation Conditions:

Withdrawal: Seller reserves right to not proceed with Offer any time prior to opening on T Day. Cooling-off period of 10 trading days required after withdrawal.

Cancellation: Offer may be cancelled in full if:

  • Insufficient demand at or above floor price
  • Default in settlement obligation
  • On T day, post bidding, if insufficient demand from non-retail investors at or above floor price

Cancellation request accepted up to 5:00 p.m. on T day by Stock Exchanges.

Other Noteworthy Information:

Designated Stock Exchange: BSE

Designated Clearing Corporation: NSE Clearing Limited

Eligibility: Company meets market capitalization threshold of ₹1,000 crores average for six months prior to OFS

Trading Conditions: Equity Shares continue trading in normal market during OFS. Price bands in normal segment don't apply to OFS bids.

Restrictions: Promoters and Promoter Group members not allowed to participate in Offer.

International Restrictions: Offer not for distribution in United States except to Qualified Institutional Buyers who are also Qualified Purchasers, or in Other Jurisdictions where prohibited.

Regulatory Framework: Offer conducted under SEBI Master Circular reference number SEBI/HO/MRDPoD2/CIR/P/2024/00181 dated December 30, 2024, BSE OFS Circular (notice no. 20240701-19 dated July 1, 2024), and NSE OFS Circular (no. 93/2024 dated July 12, 2024).