Cranex Ltd has secured approval from BSE Limited to list and trade 14,50,000 equity shares issued on a preferential basis to promoters and non-promoters. The shares, issued at a premium of ₹92 per share over a face value of ₹10, were allotted pursuant to the conversion of warrants. This development increases the company's equity base and facilitates liquidity for the new shareholders, with trading scheduled to begin on June 29, 2026.

The approval, communicated via a letter dated June 25, 2026, covers equity shares bearing distinctive numbers ranging from 6570001 to 8020000. The intimation was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the Trading Approval Letter from the exchange has been attached for record purposes.

Issue Details

The preferential allotment involved the issuance of shares to both promoter and non-promoter groups. The total issue size and pricing structure are detailed below:

Trading Timeline

BSE Limited issued Notice No. 20260625-11 on June 25, 2026, informing trading members about the listing. The exchange confirmed that the securities would be listed and available for trading effective from Monday, June 29, 2026. The company has requested shareholders and trading members to verify the contents of the notice available on the BSE website.

Cranex Limited has secured fresh orders aggregating to approximately ₹18.52 crore for the manufacturing and supply of various Electric Overhead Travelling (EOT) Cranes and related products. The orders, received from Bharat Heavy Electricals Limited (BHEL) and Indian Railways, are intended for workshop infrastructure projects. With the addition of these new contracts, the company's total order book has crossed the significant milestone of ₹100 crore, strengthening its position in the infrastructure and material handling sectors.

The orders were disclosed under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015. The company's existing order book also includes orders from BEML Limited for railway projects, including the Vande Bharat programme, as well as orders for defence sector projects from organizations such as Bharat Electronics Limited (BEL), Military Engineer Services (MES), and Armoured Vehicles Nigam Limited (AVNL).

Order Details

The major orders received include two contracts from BHEL units and two from Indian Railways entities. The specific details of the orders are outlined below:

All orders are domestic in nature. The standard terms for quality, delivery schedule, and pricing have been mutually agreed upon by the parties involved. The company confirmed that no promoter, promoter group, or group companies hold any interest in the entities awarding these orders, and the transactions do not fall within related party transactions.