Description
16,268,040 equity shares of Thirumalai Chemicals Ltd. listed on BSE with effect from November 10, 2025, issued on preferential basis to non-promoters with lock-in until May 15, 2026.
Summary
BSE has approved the listing of 1,62,68,040 new equity shares of Thirumalai Chemicals Ltd. (Scrip Code: 500412) with effect from Monday, November 10, 2025. These shares were issued at a premium of Rs. 276/- per share (face value Re. 1/-) to non-promoters on a preferential basis at an issue price of Rs. 277/-. The shares are subject to a lock-in period until May 15, 2026.
Key Points
- 1,62,68,040 equity shares of Re. 1/- each issued at premium of Rs. 276/-
- Issued to non-promoters on preferential basis
- Total issue price: Rs. 277/- per share
- Trading permitted from November 10, 2025
- Shares rank pari-passu with existing equity shares
- Date of allotment: August 26, 2025
- Distinctive Numbers: 102388121 to 118656160
- ISIN: INE338A01024
Regulatory Changes
No regulatory changes. This is a standard new securities listing notification.
Compliance Requirements
- Trading members must take note of the new securities listed on the Exchange
- All 16,268,040 shares are subject to lock-in restrictions and cannot be traded until May 15, 2026
- Shares must be tracked with distinctive numbers 102388121 to 118656160
Important Dates
- Date of Allotment: August 26, 2025
- Notice Date: November 7, 2025
- Trading Commencement Date: November 10, 2025
- Lock-in Expiry Date: May 15, 2026
Impact Assessment
Market Impact: Medium - The issuance of approximately 1.63 crore new equity shares represents a significant addition to the existing share capital of Thirumalai Chemicals Ltd. This could lead to dilution for existing shareholders.
Liquidity Impact: The lock-in period until May 15, 2026 means these shares will not be available for trading in the secondary market for approximately 6 months from the listing date, limiting immediate supply.
Capital Structure Impact: The preferential allotment to non-promoters at Rs. 277/- per share will increase the public shareholding and may impact the promoter holding percentage. The shares ranking pari-passu ensures equal rights with existing shareholders.
Impact Justification
New equity listing of significant size (1.63 crore shares) on preferential basis with lock-in period, impacting share capital structure and potential dilution for existing shareholders.