Description

CLC Industries Limited (formerly Spentex Industries Limited) equity shares to be listed in T Group on BSE effective January 30, 2026, following NCLT approved resolution plan under IBC.

Summary

BSE announces the listing of equity shares of CLC Industries Limited (scrip code: 521082) effective January 30, 2026, in T Group with trade-to-trade segment trading. The company, formerly known as Spentex Industries Limited, has undergone corporate restructuring under an NCLT-approved resolution plan dated May 12, 2023. The restructuring involves 100% extinguishment of promoter holdings, 95% reduction of public shareholding, and allotment of new equity shares to existing public shareholders and the Successful Resolution Applicant.

Key Points

  • Company name changed from Spentex Industries Limited to CLC Industries Limited effective January 30, 2026
  • Equity shares to be listed in T Group and continue trading in Trade-to-Trade segment
  • Total 1,03,94,680 new fully paid-up equity shares of Rs. 10/- each created
  • 5,19,748 shares allotted post capital reduction to existing public shareholders
  • 98,74,932 shares allotted on preferential basis to Successful Resolution Applicant
  • 93,55,212 shares under lock-in until January 30, 2027
  • ISIN: INE376C01038, Market Lot: 1, Face Value: Rs. 10/-
  • Scrip ID and abbreviated name on BOLT: CLCIND
  • Company part of special pre-open session for IPO and Other category
  • Record date for resolution plan effect was January 12, 2024
  • Shares currently credited under temporary ISIN as per SEBI circular

Regulatory Changes

The listing follows NCLT approval of Resolution Plan under Insolvency and Bankruptcy Code, 2016. Trading continues in Trade-to-Trade segment in accordance with BSE Notice No. 20250702-33 dated July 02, 2025. The company will participate in special pre-open session as per SEBI Circular No. CIR/MRD/DP/01/2012, CIR/MRD/DP/02/2012 dated January 20, 2012, and SEBI/HO/MRD-TPD1/CIR/P/2023/55 dated April 11, 2023.

Compliance Requirements

  • Market participants must note the name change from Spentex Industries Limited to CLC Industries Limited
  • Trading to be conducted in T Group with Trade-to-Trade segment restrictions
  • Lock-in period applicable to 93,55,212 shares (distinctive numbers 519749 to 9874960) until January 30, 2027
  • Dematerialized shares credited under temporary ISIN per SEBI circular CIR/MRD/DP/21/2012 dated August 02, 2012
  • Registered office: Plot No-318, N-3, CIDCO, Near Punjab National Bank, Aurangabad, Maharashtra – 431001

Important Dates

  • January 28, 2026: Notice date
  • January 30, 2026: Effective date for listing and name change
  • January 12, 2024: Record date for resolution plan implementation (already occurred)
  • January 30, 2027: Lock-in expiry date for 93,55,212 shares
  • May 12, 2023: NCLT approval date for Resolution Plan

Impact Assessment

High Impact on Existing Shareholders: The resolution plan resulted in dramatic restructuring with 100% promoter exit and 95% reduction in public shareholding (1 share for every 100 shares held). This significantly diluted existing public shareholders while bringing in a new Successful Resolution Applicant holding approximately 95% of post-restructuring equity.

Trading Restrictions: Continued placement in T Group with Trade-to-Trade segment indicates enhanced surveillance and potential liquidity constraints. Investors can only take delivery positions with no intraday trading allowed.

Corporate Restructuring: The company emerged from insolvency proceedings under IBC, indicating previous financial distress. New management and capital structure may present turnaround opportunities but also carry execution risks.

Lock-in Period: Significant portion (90%) of shares under lock-in until January 2027 will restrict supply and may impact price discovery and liquidity in the near term.

Impact Justification

Major corporate restructuring involving complete promoter exit, 95% reduction in public shareholding, new equity allotment, and listing under T Group with trade-to-trade restrictions following IBC resolution plan.