Description

Listing and trading of 1.60 crore equity shares of PCBL Chemical Limited issued to promoters on preferential basis pursuant to warrant conversion, effective December 12, 2025.

Summary

BSE has approved the listing of 1,60,00,000 equity shares of PCBL Chemical Limited (Scrip Code: 506590) issued to promoters on a preferential basis pursuant to warrant conversion. The shares will be listed and permitted to trade on the exchange with effect from Friday, December 12, 2025. These shares are subject to a lock-in period until June 30, 2027.

Key Points

  • 1,60,00,000 equity shares of Rs. 1/- each issued at a premium of Rs. 279/-
  • Issue price: Rs. 280/- per share
  • Total issue size: Rs. 448 crore (1.6 crore shares × Rs. 280)
  • Allotment date: November 3, 2025
  • Distinctive numbers: 377462605 to 393462604
  • ISIN: INE602A01031
  • Shares issued to promoters on preferential basis pursuant to conversion of warrants
  • New shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for new securities.

Compliance Requirements

  • Trading members must note the listing of new securities effective December 12, 2025
  • All 1.6 crore shares are subject to mandatory lock-in until June 30, 2027
  • The shares cannot be sold or transferred during the lock-in period as per SEBI regulations

Important Dates

  • Allotment Date: November 3, 2025
  • Trading Commencement: December 12, 2025
  • Lock-in Expiry: June 30, 2027
  • Notice Date: December 11, 2025

Impact Assessment

Market Impact: Medium. The addition of 1.6 crore shares represents a significant increase in the equity base of PCBL Chemical Limited. However, since these shares are locked-in until June 2027, there will be no immediate impact on market supply or liquidity.

Shareholding Impact: The preferential allotment to promoters will increase promoter holding in the company, potentially strengthening promoter control. Investors should review updated shareholding patterns post-allotment.

Dilution Impact: Existing shareholders will experience dilution due to the issuance of new shares. The extent of dilution depends on the pre-issue share capital, which is not specified in this circular.

Long-term Consideration: The 2.5-year lock-in period provides stability in shareholding structure until mid-2027. Post lock-in expiry, these shares entering the market may impact supply dynamics.

Impact Justification

Medium importance as it involves significant preferential allotment to promoters (1.6 crore shares) with long lock-in period until June 2027, which may impact shareholding pattern and market supply