Description
BSE announces listing of 4,00,000 new equity shares of Pondy Oxides & Chemicals Limited issued through preferential allotment.
Summary
BSE has announced the listing of 4,00,000 new equity shares of Pondy Oxides & Chemicals Limited (Scrip Code: 532626) effective from August 12, 2025. These shares were issued at a premium through preferential allotment to non-promoters pursuant to warrant conversion.
Key Points
- 4,00,000 equity shares of Rs. 5/- each issued at premium of Rs. 248.50/-
- Issue price: Rs. 253.50 per share
- Issued to non-promoters on preferential basis through warrant conversion
- New shares rank pari-passu with existing equity shares
- ISIN: INE063E01053
- Trading commences Tuesday, August 12, 2025
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
Trading members are informed of the new securities listing and permitted trading.
Important Dates
- Allotment Date 1: May 29, 2025 (2,00,000 shares)
- Allotment Date 2: June 2, 2025 (2,00,000 shares)
- Trading Commencement: August 12, 2025
- Lock-in Period Ends: February 28, 2026
Impact Assessment
Minimal market impact as this represents conversion of existing warrants into equity shares for a single company. The lock-in period until February 2026 prevents immediate trading of these shares by allottees.
Impact Justification
Routine listing of converted warrants for a single company with minimal market impact