Description

BSE lists 1,00,17,200 new equity shares of Himadri Speciality Chemical Ltd. issued on preferential basis pursuant to warrant conversion, effective January 2, 2026.

Summary

BSE has listed 1,00,17,200 new equity shares of Himadri Speciality Chemical Ltd. (Scrip Code: 500184) effective from January 2, 2026. These shares were issued at a premium of Rs. 315/- to Promoter and Non-Promoter on a preferential basis pursuant to conversion of warrants. The shares rank pari-passu with existing equity shares.

Key Points

  • Total new shares listed: 1,00,17,200 equity shares of Rs. 1/- each
  • Issue price: Rs. 316/- per share (Rs. 1 face value + Rs. 315 premium)
  • Allotment date: November 7, 2025
  • Trading commencement: January 2, 2026
  • Distribution numbers: 494477751 to 504494950
  • ISIN: INE019C01026
  • Shares issued to both Promoter and Non-Promoter categories
  • Issued pursuant to conversion of warrants on preferential basis

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification following preferential allotment procedures.

Compliance Requirements

  • Trading members are informed of the new securities available for trading
  • Lock-in period restrictions must be observed as specified
  • Shares rank pari-passu with existing equity shares of the company

Important Dates

  • Allotment Date: November 7, 2025
  • Trading Start Date: January 2, 2026
  • Lock-in Expiry for 1,00,00,000 shares (Dist. Nos. 494477751-504477750): July 16, 2027
  • Lock-in Expiry for 17,200 shares (Dist. Nos. 504477751-504494950): July 16, 2026

Impact Assessment

Market Impact: Low. This is a routine preferential allotment following warrant conversion. The majority of shares (1,00,00,000 out of 1,00,17,200) are locked-in until July 2027, limiting immediate market supply impact.

Shareholder Dilution: The new shares will cause dilution to existing shareholders, though the extent depends on the existing share capital base.

Trading Impact: Minimal immediate trading impact expected due to extended lock-in periods. Only 17,200 shares will become tradeable by July 2026, with the bulk locked until July 2027.

Impact Justification

Routine listing notification for preferential allotment via warrant conversion. Limited market impact as shares are locked-in for 1-2 years.