Description
BSE lists 4,00,000 new equity shares of Pondy Oxides & Chemicals Limited issued on preferential basis with lock-in until February 28, 2026.
Summary
BSE has listed 4,00,000 new equity shares of Pondy Oxides & Chemicals Limited (Scrip Code: 532626) effective August 12, 2025. These shares were issued at Rs. 253.50 per share (face value Rs. 5 + premium Rs. 248.50) to non-promoters on preferential basis pursuant to conversion of warrants.
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
- Shares rank pari-passu with existing equity shares
- ISIN: INE063E01053
- Trading permitted from August 12, 2025
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
Trading members are informed about the new securities available for trading on the exchange.
Important Dates
- Allotment Dates: May 29, 2025 (2,00,000 shares) and June 2, 2025 (2,00,000 shares)
- Trading Commencement: August 12, 2025
- Lock-in Period Expires: February 28, 2026
Impact Assessment
Minimal market impact expected as this is a routine listing of additional shares from warrant conversion. The lock-in period until February 28, 2026 ensures these shares cannot be traded immediately, maintaining market stability.
Impact Justification
Routine listing of additional shares with no material market impact