NewsViksit Engineering Limited Receives BSE Listing Approval for 2,37,500 Preferential Equity Shares Allotted to PromotersViksit Engineering Limited Receives BSE Listing Approval for 2,37,500 Preferential Equity Shares Allotted to Promoters
Viksit Engineering Limited received BSE listing approval on May 6, 2026, for 2,37,500 fully paid-up equity shares at a face value of INR 10/- each, amounting to INR 23,75,000/-, allotted to promoters on a preferential basis. The allotment was approved by the Board of Directors on March 27, 2026, in accordance with the NCLT Order dated February 11, 2025, and the Resolution Plan approved therein. The company must now complete trading formalities, including depository confirmations and filing for trading approval within seven working days of the listing approval date, as mandated by applicable SEBI regulations.
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Viksit Engineering Limited has informed BSE Limited of the receipt of listing approval for 2,37,500 fully paid-up equity shares issued to its promoters on a preferential basis. The disclosure, made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was communicated to the exchange on May 7, 2026.
Listing Approval Details
The listing approval was received from BSE Limited on May 6, 2026. The approved shares carry a face value of INR 10/- each, with the total issuance amounting to INR 23,75,000/-. The allotment was made to promoters on a preferential basis in accordance with the NCLT Order dated February 11, 2025, read with the Resolution Plan approved therein, and was sanctioned at the Board of Directors meeting held on March 27, 2026.
The key details of the listing approval are summarised below:
| Parameter: | Details |
|---|---|
| Regulatory Authority: | BSE Limited |
| Number of Shares: | 2,37,500 fully paid-up equity shares |
| Face Value per Share: | INR 10/- |
| Total Issue Amount: | INR 23,75,000/- |
| Distinctive Numbers: | 12,501 to 2,50,000 |
| Allotment Basis: | Preferential — to Promoters |
| Board Approval Date: | March 27, 2026 |
| Listing Approval Date: | May 6, 2026 |
| Regulatory Reference: | NCLT Order dated February 11, 2025 |
Compliance and Next Steps
Following the receipt of listing approval, the company is required to complete all requisite trading formalities and effect the credit of equity shares to the respective demat accounts of the allottees. Trading approval for the aforementioned shares will be granted by the exchange only upon fulfilment of the following conditions:
- Submission of listing approval from the National Stock Exchange of India Ltd., if applicable
- Confirmation letters from NSDL/CDSL regarding the credit of shares to respective beneficiary accounts and admission of capital to the depository system
- Confirmation letters from NSDL/CDSL regarding lock-in of pre-preferential holdings, if applicable
As per Schedule XIX of the SEBI (Issue of Capital and Disclosure Requirements) Regulations and SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, the company is required to make an application for trading approval to the stock exchange within seven working days from the date of grant of listing approval. Non-compliance with this requirement will attract fines as specified under the applicable SEBI Master Circular.
Regulatory Framework
The disclosure has been made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, as amended, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The Whole-Time Director, Animesh Sharma (DIN: 10905825), signed the disclosure on behalf of the company. Viksit Engineering Limited has stated that it will continue to keep all stakeholders and regulatory authorities informed of further material developments in this regard.
How might the preferential allotment to promoters under the NCLT-approved Resolution Plan affect the existing shareholders' ownership dilution and voting rights going forward?
Will Viksit Engineering Limited seek listing approval from the National Stock Exchange of India, and what timeline can stakeholders expect for the shares to become tradable on both exchanges?
What are the broader strategic implications of the Resolution Plan approved by NCLT in February 2025 for Viksit Engineering Limited's financial recovery and future business operations?
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