Description

Listing of 3,08,000 equity shares of Himadri Speciality Chemical Ltd issued on preferential basis pursuant to conversion of warrants, effective from October 17, 2025.

Summary

BSE has approved the listing of 3,08,000 new equity shares of Himadri Speciality Chemical Ltd (Scrip Code: 500184) issued to Non-Promoters on a preferential basis pursuant to warrant conversion. The shares will be available for trading from Friday, October 17, 2025.

Key Points

  • 3,08,000 equity shares of Re. 1/- each listed
  • Issue price: Rs. 316.00/- per share (Rs. 1/- face value + Rs. 315/- premium)
  • Issued to Non-Promoters on preferential basis
  • Allotment pursuant to conversion of warrants
  • Date of allotment: August 13, 2025
  • Trading effective date: October 17, 2025
  • Shares rank pari-passu with existing equity shares
  • Distinctive Numbers: 493849500 to 494157499
  • ISIN: INE019C01026

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for new securities issued through warrant conversion.

Compliance Requirements

Lock-in Period:

  • 13,000 shares (Dist. Nos. 493849500-493862499): Lock-in until April 29, 2026
  • 2,95,000 shares (Dist. Nos. 493862500-494157499): Lock-in until April 30, 2026

Trading members must note the lock-in restrictions applicable to these securities during the specified periods.

Important Dates

  • Date of Allotment: August 13, 2025
  • Trading Commencement: October 17, 2025
  • Lock-in Expiry (13,000 shares): April 29, 2026
  • Lock-in Expiry (2,95,000 shares): April 30, 2026
  • Notice Date: October 16, 2025

Impact Assessment

Market Impact: Minimal. The listing involves 3.08 lakh shares representing a small capital raise through warrant conversion. The issue price of Rs. 316 per share indicates confidence from non-promoter investors.

Liquidity Impact: Negligible immediate impact as all shares are under lock-in until April 2026. Post lock-in expiry, the additional float will marginally increase tradable shares.

Dilution: The preferential allotment to non-promoters will result in minor equity dilution, with shares issued at a significant premium to face value, adding to the company’s capital base.

Investor Considerations: Existing shareholders should note the upcoming lock-in expiry dates in April 2026, which could affect supply-demand dynamics at that time.

Impact Justification

Routine listing of new equity shares from warrant conversion representing minimal dilution (3.08 lakh shares). Standard preferential allotment with lock-in requirements.