Description

PCBL Chemical Limited lists 1.6 crore equity shares issued to promoters on preferential basis pursuant to conversion of warrants, with lock-in until June 30, 2027.

Summary

BSE has approved the listing of 1,60,00,000 new equity shares of PCBL Chemical Limited (Scrip Code: 506590) issued to promoters on a preferential basis pursuant to conversion of warrants. The shares will commence trading on December 12, 2025, and are subject to a lock-in period until June 30, 2027.

Key Points

  • 1.6 crore equity shares of face value Rs. 1/- each issued at a premium of Rs. 279/-
  • Issue price: Rs. 280/- per share
  • Allotted to promoters on preferential basis pursuant to warrant conversion
  • Shares ranking pari-passu with existing equity shares
  • Distinguished Numbers: 377462605 to 393462604
  • ISIN: INE602A01031
  • Date of Allotment: November 3, 2025
  • Entire allotment locked-in until June 30, 2027

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members are informed about the new securities listing
  • The locked-in shares cannot be traded or transferred until the lock-in expiry date of June 30, 2027
  • Trading systems should recognize the lock-in restrictions on the specified distinguished numbers

Important Dates

  • Allotment Date: November 3, 2025
  • Trading Commencement: December 12, 2025
  • Lock-in Expiry: June 30, 2027

Impact Assessment

Market Impact: The listing of 1.6 crore new shares increases the total equity base of PCBL Chemical Limited. However, the complete lock-in until June 2027 means no immediate supply pressure on the stock.

Promoter Holdings: This preferential allotment strengthens promoter shareholding, as the entire allotment went to promoters pursuant to warrant conversion.

Shareholder Dilution: Existing public shareholders face dilution from this preferential issue, though the impact depends on the pre-issue equity capital.

Liquidity: No immediate impact on tradeable float due to the comprehensive lock-in on all allotted shares.

Impact Justification

Standard preferential allotment to promoters with significant lock-in period. Material for PCBL Chemical shareholders due to dilution and promoter shareholding increase.