Description
Listing and trading of 486,140 equity shares issued to promoters on preferential basis pursuant to conversion of compulsorily convertible debentures, effective December 1, 2025.
Summary
BSE has listed 486,140 new equity shares of Shree Hari Chemicals Export Ltd (Scrip Code: 524336) issued on a preferential basis to promoters pursuant to conversion of compulsorily convertible debentures. The shares will be available for trading from December 1, 2025, and are subject to a lock-in period until May 15, 2026.
Key Points
- 486,140 equity shares of Rs. 10/- each issued at a premium of Rs. 69 per share
- Issue price: Rs. 79.00 per share
- Shares issued to promoters only on preferential basis
- Allotment date: March 15, 2025
- New shares rank pari-passu with existing equity shares
- ISIN: INE065E01017
- Distinctive Numbers: 4500001 to 4986140
Regulatory Changes
No regulatory changes introduced in this circular.
Compliance Requirements
- Trading members are informed of the new securities listing
- All 486,140 shares are subject to mandatory lock-in requirements
- Shares can be traded on the exchange from December 1, 2025
Important Dates
- Allotment Date: March 15, 2025
- Trading Commencement: December 1, 2025
- Lock-in Expiry: May 15, 2026
Impact Assessment
This is a routine listing with minimal market impact. The shares were issued to promoters only through conversion of compulsorily convertible debentures, indicating a structured capital reorganization. The lock-in period until May 2026 prevents immediate selling pressure. The preferential allotment represents an expansion of the company’s equity base, but the promoter-only nature limits broader market participation. Trading members should note the lock-in restrictions when handling these securities.
Impact Justification
Routine listing of preferential allotment shares from debenture conversion. Limited market impact due to lock-in period and promoter-only allotment.