Description

486,140 equity shares of Shree Hari Chemicals Export Ltd listed on BSE from December 1, 2025, issued to promoters through conversion of compulsorily convertible debentures.

Summary

BSE has approved the listing of 486,140 new equity shares of Shree Hari Chemicals Export Ltd (Scrip Code: 524336) effective from December 1, 2025. These shares were issued to promoters on a preferential basis pursuant to conversion of compulsorily convertible debentures at an issue price of Rs. 79 per share (face value Rs. 10 with premium of Rs. 69). The shares are subject to lock-in until May 15, 2026.

Key Points

  • 486,140 equity shares of Rs. 10 each listed and permitted to trade from December 1, 2025
  • Issued to promoters on preferential basis through CCD conversion
  • Issue price: Rs. 79 per share (Rs. 10 face value + Rs. 69 premium)
  • Date of allotment: March 15, 2025
  • Distribution numbers: 4500001 to 4986140
  • Shares rank pari-passu with existing equity shares
  • ISIN: INE065E01017
  • All 486,140 shares subject to lock-in until May 15, 2026

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members are informed to note the listing of new securities
  • Members must observe lock-in restrictions on the 486,140 shares (Dist. Nos. 4500001-4986140) until May 15, 2026
  • Shares cannot be traded or transferred during the lock-in period

Important Dates

  • Allotment Date: March 15, 2025
  • Trading Commencement: December 1, 2025 (Monday)
  • Lock-in Expiry: May 15, 2026
  • Circular Date: November 28, 2025

Impact Assessment

Market Impact: Minimal. This is a routine preferential allotment to promoters following CCD conversion. The shares are subject to lock-in until May 15, 2026, preventing immediate market availability.

Operational Impact: Trading members need to update their systems to reflect the new securities and lock-in restrictions. The shares represent approximately 10.8% dilution if the existing base was around 4.5 million shares.

Investor Impact: Existing shareholders should note the dilution from preferential allotment. However, since these shares went to promoters, it may strengthen promoter holding. The lock-in period provides stability by preventing immediate sale.

Impact Justification

Routine listing of preferential shares to promoters with lock-in period. Limited market impact as shares are not immediately tradeable and represent internal restructuring.