Description

BSE lists 308,000 new equity shares of Himadri Speciality Chemical Ltd issued at Rs. 316/- on preferential basis pursuant to warrant conversion, effective October 17, 2025.

Summary

BSE has listed 308,000 new equity shares of Himadri Speciality Chemical Ltd (Scrip Code: 500184) issued on preferential basis to non-promoters pursuant to conversion of warrants. The shares are permitted to trade with effect from Friday, October 17, 2025. These shares were issued at Re. 1/- face value with a premium of Rs. 315/- (total issue price Rs. 316/-) and rank pari-passu with existing equity shares.

Key Points

  • Company: Himadri Speciality Chemical Ltd (Scrip Code: 500184)
  • Number of Shares: 308,000 equity shares of Re. 1/- each
  • Issue Price: Rs. 316/- per share (Face Value: Re. 1/- + Premium: Rs. 315/-)
  • Allotment Date: August 13, 2025
  • Trading Commencement: October 17, 2025
  • ISIN: INE019C01026
  • Distinctive Numbers: 493849500 to 494157499
  • Basis of Issue: Preferential basis to non-promoters pursuant to warrant conversion
  • Ranking: Pari-passu with existing equity shares

Regulatory Changes

No regulatory changes. This is a standard new listing notification following preferential allotment.

Compliance Requirements

  • Trading members must note the new securities are available for trading from October 17, 2025
  • Lock-in restrictions apply to all allotted shares as per specified schedule
  • Shares must be traded using the existing ISIN: INE019C01026

Important Dates

  • Allotment Date: August 13, 2025
  • Trading Commencement Date: October 17, 2025
  • Lock-in Expiry Dates:
    • 13,000 shares (Dist. Nos. 493849500-493862499): April 29, 2026
    • 295,000 shares (Dist. Nos. 493862500-494157499): April 30, 2026

Impact Assessment

Market Impact: Low. The listing of 308,000 shares represents a relatively small preferential allotment. The complete lock-in period extending until April 2026 means these shares cannot be sold immediately, limiting near-term supply pressure.

Dilution Impact: Minimal dilution to existing shareholders given the small issue size.

Liquidity Impact: No immediate impact on trading liquidity as all shares are under lock-in until April 2026. Post lock-in expiry, the addition of 308,000 shares may provide marginal increase in floating stock.

Investor Consideration: The warrant conversion at Rs. 316/- per share indicates investor confidence at that price point as of the allotment date in August 2025.

Impact Justification

Routine listing of new shares from warrant conversion with minimal dilution (0.3 million shares). Limited market impact due to lock-in restrictions and small issue size.