EKI Energy to Migrate its Equity Shares from SME to Main Board at BSE

Carbon credits developer and supplier EKI Energy Services Ltd (EKI) said that it will complete the migration of its equity shares from the BSE’s SME platform to the Main Board effective from July 4, 2022.
 
In April last year, the company debuted on the Bombay Stock Exchange under the SME segment and witnessed one of the most successful initial public offerings (IPO) of the year.
 
The company said that it is today, the only carbon asset company in the world that is listed on the Stock Exchange.
 
Besides, the Indore-based company also announced the issuance of bonus shares in the ratio of 3:1 i.e. 3 shares as a bonus for every 1 existing equity share held.
 
Commenting on achieving the historic milestone of migrating to the main board within 13 months of its first listing on BSE, Manish Dabkara, CMD & CEO, EKI Energy Services Ltd, said, “we are delighted to achieve this remarkable milestone today and it makes us proud that we have accomplished this within 13 months of first listing on BSE. This movement to the BSE Main Board is yet another proof for our track record as a global market leader and trusted climate partner of clients worldwide.”
 
He further added, “we are honored to be a part of BSE and the fantastic journey we continue to have. We would like to thank BSE for supporting us in our quest to achieve newer heights. We would also like to thank all our stakeholders including our clients, partners, investors, mentors, and our dear employees for their continued support and trust in us.”
 
Last month, the company entered the Singapore market through its newly constituted subsidiary ‘EnKing International Pte Ltd’ in line with its global expansion plans in the carbon credits market.
 
Through this move, the carbon credits developer and supplier aims to strengthen its global footprint and consolidate its leadership position in the Southeast Asian markets. It is already having a presence in neighboring countries like Thailand, Vietnam, Indonesia and the Philippines.
 
Earlier this year, EKI announced its commitment to become net-zero by 2030 in addition to defining a target of mobilizing up to 1 billion credits within the next 5 years (by 2027).