Receives In-Principle approval from BSE and NSE for migration from SME platform to Main Board
Khazanchi Jewellers has received In-Principle approval from BSE and NSE to migrate its equity shares from the BSE SME platform to the Main Board of both exchanges.
By ScoutQuest · · 2 min read
- Shares covered (NSE letter)
- ~2.47 crore equity shares of Rs. 10/- each
- Approval validity
- 45 days
- Approvals received
- In-Principle approval from BSE Ltd and National Stock Exchange of India Ltd
What the update says
Khazanchi Jewellers Ltd has informed BSE that it has received In-Principle approval from BSE Ltd and National Stock Exchange of India Ltd for migration of its equity shares from the BSE SME platform to the Main Board of BSE and NSE.
The BSE approval is by letter dated September 11, 2026 and the NSE approval by letter dated October 19, 2026, both subject to compliance with the terms and conditions specified in those letters.
What the exchanges have approved
- NSE's letter covers migration of trading of ~2.47 crore equity shares of Rs. 10/- each.
- Both exchanges describe the approval as in-principle — an initial clearance, not the final listing and trading approval.
- BSE states that the In-Principle Approval remains valid for a period of 45 days from the date of its letter; any extension request will be considered as per the exchange's applicable requirements.
- NSE states that its in-principle approval is valid for a period of 45 days from the date of issuance of its letter.
Conditions listed by BSE
- Submission of a formal application for listing of equity shares on the Main Board.
- Submission of the Final Information Memorandum, duly certified by the Managing Director and/or Company Secretary, updated as on the date of the final listing application.
- Execution of the Listing Agreement and compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Submission of the latest shareholding pattern in the prescribed SEBI format and the latest financial results shared under Regulation 33.
- Payment of the applicable Initial Listing Fee, Annual Listing Fee and taxes thereon.
- Submission of other documents, clarifications, undertakings and compliances the exchange may require before final listing and trading approval.
NSE has said it will issue final approval for migration of trading in the equity shares on submission of the listing application including the equity listing agreement.
What the change means
- The shares are proposed to move from the SME platform of BSE to the Main Board (Capital Market Segment) of BSE and NSE.
- BSE has advised that upon migration, all applicable provisions of the SEBI (LODR) Regulations, 2015, including provisions relating to corporate governance, become applicable from the date of commencement of trading on the Main Board.
- The face value of the shares, as stated in the NSE letter, is Rs. 10/- each.
Points to keep in view
- The approval is in-principle and conditional; the formalities listed by the exchanges are still to be completed.
- The approval letters carry a stated validity of 45 days, so the follow-through steps sit within that window unless extended in line with exchange requirements.
Also from Khazanchi Jewellers
Virtual investor meeting held with Girik Capital on September 29, 2026; no UPSI shared
30 Sep 2026
More numbers
- Equity shares covered by NSE migration approval24746900 equity shares
- Face value per equity shareRs. 10/- each
- Validity of NSE in-principle approval45 days
- Validity of BSE in-principle approval45 days
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.