The equity shares will be listed and admitted to trading on both exchanges effective Monday, 03rd August, 2026. BSE has classified these shares in the 'T' Group of securities, and trading will occur in the Trade-to-Trade segment in accordance with BSE Circular No. 20230210-55 dated February 10, 2023. The security will also be part of a special pre-open session for IPO and Other category scrips as per SEBI circulars CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012.

Details of the Share Issue

This listing follows a capital reduction pursuant to a Resolution Plan approved by the Hon'ble National Company Law Tribunal (NCLT) vide its order dated June 23, 2023, under the Insolvency and Bankruptcy Code, 2016.

  • Total Shares Listed: 1,00,00,000 Equity Shares of ₹10/- each.
  • Market Lot: 1
  • Distinctive Number Range: 1 to 10000000

Breakdown of Share Allotment and Lock-in

  • Preferential Allotment to Resolution Applicant: 95,00,000 shares (Distinctive Numbers 1 to 9500000) were allotted on a preferential basis to the Successful Resolution Applicant and its affiliates. These shares are subject to a lock-in period until 31-Aug-2027.
  • Allotment to Public Shareholders: 5,00,000 shares (Distinctive Numbers 9500001 to 10000000) are free of lock-in. These shares were initially allotted to the DSK Shareholders Trust. The Trust subsequently sold these shares to public shareholders (non-retail investors) through an Offer for Sale (OFS) mechanism to achieve the Minimum Public Shareholding (MPS) requirements specified in Rule 19A(5) of the Securities Contracts (Regulations) Rules, 1957.

Impact of the NCLT-Approved Resolution Plan

The Hon'ble NCLT order dated June 23, 2023, mandated the following actions, which have been completed:

1. Cancellation of Pre-CIRP Share Capital: The entire pre-CIRP share capital held by promoters and public shareholders was cancelled, with shareholders receiving a price of ₹ Nil per share.

2. Issuance of New Capital: The Resolution Applicant/its affiliates subscribed to 95% of the new paid-up equity share capital, with the remaining 5% to be offered to the public to meet MPS norms.

3. Change in Share Capital: The company's issued, subscribed, and paid-up share capital was consequently reduced from ₹25,80,10,080 (divided into 2,58,01,008 equity shares of ₹10/- each) to ₹10,00,00,000 (divided into 1,00,00,000 equity shares of ₹10/- each).

4. Record Date: The company had previously fixed September 21, 2023, as the record date for giving effect to the resolution plan (as per Exchange Notice No. 20230918-80).

Regulatory and Compliance Notes

All future filings and submissions required under the SEBI (LODR) Regulations must be made through the NSE Electronic Application Processing System (NEAPS). The company is also directed to mention the symbol (DSKULKARNI) and series in all future correspondence with the exchanges.