Description
BSE announces listing of 12,62,328 new equity shares of Pondy Oxides & Chemicals Limited issued through preferential allotment with warrant conversion.
Summary
BSE has announced the listing of 12,62,328 new equity shares of Pondy Oxides & Chemicals Limited (Scrip Code: 532626) effective September 9, 2025. These shares were issued through preferential allotment to promoters and non-promoters pursuant to conversion of warrants.
Key Points
- 12,62,328 equity shares of Rs. 5/- each issued at premium of Rs. 248.50/-
- Issue price: Rs. 253.50/- per share
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 28824690 to 30087017
- Date of allotment: June 23, 2025
- ISIN: INE063E01053
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
Trading members are informed of the new securities listing and trading permissions effective from the specified date.
Important Dates
- Allotment Date: June 23, 2025
- Trading Commencement: September 9, 2025
- Lock-in Expiry (Majority): March 31, 2027 (1,183,432 shares)
- Lock-in Expiry (Remaining): March 31, 2026 (78,896 shares)
Impact Assessment
The listing increases the company’s equity base and provides additional liquidity. The significant lock-in period until March 2027 for majority shares indicates long-term commitment from allottees. Impact is company-specific with minimal broader market implications.
Impact Justification
Standard listing announcement for new equity shares with lock-in provisions affecting specific company