Description

Listing and trading of 1,00,17,200 new equity shares of Himadri Speciality Chemical Ltd. issued on preferential basis pursuant to conversion of warrants, effective January 2, 2026.

Summary

BSE has approved the listing and trading of 1,00,17,200 new equity shares of Himadri Speciality Chemical Ltd. (Scrip Code: 500184) with effect from January 2, 2026. These shares were issued at a premium of Rs. 315/- per share to promoters and non-promoters on a preferential basis pursuant to conversion of warrants. The shares rank pari-passu with existing equity shares and are subject to lock-in requirements.

Key Points

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

Regulatory Changes

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

Compliance Requirements

Trading members must note:

  • New shares are available for trading from January 2, 2026
  • Lock-in restrictions apply to the allotted shares (see Important Dates section)
  • Shares to be traded under existing scrip code 500184

Important Dates

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

Impact Assessment

Market Impact: Low to minimal. The listing represents approximately 10 million new shares from warrant conversion with majority (1 crore shares) locked in until July 2027 and remaining 17,200 shares locked until July 2026. The lock-in restrictions significantly limit immediate liquidity impact. The preferential allotment to promoters and non-promoters suggests strategic capital raising rather than broad market distribution. Trading members should note the additional shares in circulation but expect limited near-term trading impact due to lock-in constraints.

Impact Justification

Routine listing of new securities from warrant conversion affecting single company with lock-in restrictions limiting immediate market impact