Description
BSE announces listing of 1,62,68,040 equity shares of Thirumalai Chemicals Ltd. issued on preferential basis to non-promoters, effective November 10, 2025.
Summary
BSE has announced the listing of 1,62,68,040 new equity shares of Thirumalai Chemicals Ltd. (Scrip Code: 500412) effective from Monday, November 10, 2025. These shares were issued to non-promoters on a preferential basis at an issue price of Rs. 277/- per share (face value Re. 1/- with premium of Rs. 276/-). The shares rank pari-passu with existing equity shares and are subject to lock-in until May 15, 2026.
Key Points
- 1,62,68,040 new equity shares of Re. 1/- each issued on preferential basis
- Issue price: Rs. 277/- per share (Re. 1/- face value + Rs. 276/- premium)
- Issued to non-promoters only
- Distinctive Numbers: 102388121 to 118656160
- Trading commences: November 10, 2025
- Date of allotment: August 26, 2025
- ISIN: INE338A01024
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced. This is a standard listing notification for preferential allotment.
Compliance Requirements
- Trading members must note the new securities are available for trading from November 10, 2025
- All 1,62,68,040 shares are subject to lock-in restrictions until May 15, 2026
- Shares cannot be transferred or sold during the lock-in period except as per SEBI regulations
Important Dates
- Allotment Date: August 26, 2025
- Trading Commencement: November 10, 2025
- Lock-in Expiry: May 15, 2026
Impact Assessment
Market Impact: Medium - The preferential allotment represents a significant increase in share capital and will impact the company’s equity base. The lock-in period until May 2026 means these shares will not be available for trading for approximately 6 months from listing date, limiting immediate supply.
Shareholder Impact: The issuance to non-promoters will result in dilution for existing shareholders. However, the capital raised may support the company’s growth plans or financial requirements.
Trading Impact: Limited immediate trading impact due to lock-in restrictions. Post lock-in expiry in May 2026, increased float may impact liquidity and price dynamics.
Impact Justification
Significant preferential allotment representing notable dilution for existing shareholders, with medium-term lock-in period. Impacts trading float and ownership structure.