Description

CLC Industries Limited (formerly Spentex Industries Limited) equity shares to be listed on BSE in T Group effective January 30, 2026, following NCLT-approved resolution plan with capital reduction and preferential allotment.

Summary

CLC Industries Limited (formerly Spentex Industries Limited) will list its equity shares on BSE in T Group effective January 30, 2026, following an NCLT-approved resolution plan under the Insolvency and Bankruptcy Code. The restructuring involves complete extinguishment of existing promoter holdings, 95% reduction in public shareholding, and allotment of 98.75 lakh shares to the Successful Resolution Applicant on preferential basis. The scrip will trade in Trade-to-Trade segment with scrip code 521082.

Key Points

  • Company name changed from Spentex Industries Limited to CLC Industries Limited effective January 30, 2026
  • Scrip Code: 521082, Scrip ID: CLCIND, ISIN: INE376C01038
  • Total new equity shares: 1,03,94,680 fully paid-up shares of Rs. 10/- each
  • Listing in T Group and Trade-to-Trade segment as per Notice No. 20250702-33 dated July 02, 2025
  • 100% extinguishment of existing promoter holdings
  • Public shareholding reduced by 95% (1 share for every 100 shares held)
  • 5,19,748 shares allotted post capital reduction to existing public shareholders
  • 98,74,932 shares allotted on preferential basis to Successful Resolution Applicant
  • Lock-in period: 93,55,212 shares locked until January 30, 2027
  • Shares currently under temporary ISIN in dematerialized mode
  • Company will participate in special pre-open session for IPO and Other category scrips

Regulatory Changes

The listing follows an NCLT-approved Resolution Plan under the Insolvency and Bankruptcy Code, 2016, approved via Order dated May 12, 2023, by the Hon’ble National Company Law Tribunal, New Delhi Principal Bench. The restructuring complies with SEBI Circulars CIR/MRD/DP/01/2012, CIR/MRD/DP/02/2012 dated January 20, 2012, SEBI/HO/MRD-TPD1/CIR/P/2023/55 dated April 11, 2023, and SEBI circular CIR/MRD/DP/21/2012 dated August 02, 2012 regarding temporary ISIN allocation.

Compliance Requirements

  • Market Participants must note the name change and new scrip details for trading systems
  • Trading will occur in Trade-to-Trade segment only (no intraday trading)
  • Company will participate in special pre-open session as per SEBI guidelines
  • Shares under lock-in (93,55,212 shares, distinctive numbers 519749 to 9874960) cannot be traded until January 30, 2027
  • Shares currently credited under temporary ISIN will need to be transitioned to permanent ISIN INE376C01038

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 (as per Exchange Notice No. 20240110-44)
  • January 30, 2027: Lock-in expiry date for 93,55,212 preferential shares
  • May 12, 2023: NCLT approval date for Resolution Plan

Impact Assessment

High Impact on Existing Shareholders: Public shareholders faced a 95% dilution of holdings, retaining only 1 share for every 100 shares held. Existing promoters lost 100% of their stake.

Market Positioning: Listing in T Group (speculative category) and mandatory Trade-to-Trade segment indicates higher risk profile and restricted liquidity with no intraday trading allowed.

Ownership Structure: Significant change in control with Successful Resolution Applicant receiving 95% of post-restructuring equity (98.75 lakh shares out of 103.95 lakh total), with majority locked-in for one year.

Trading Implications: Limited liquidity expected due to T2T segment restrictions, lock-in period for 90% of shares, and T Group classification. Market lot of 1 share allows smaller retail participation.

Corporate Action: Complete corporate restructuring under insolvency proceedings represents fresh start for company with new management and capital structure.

Registered Office: Plot No-318, N-3, CIDCO, Near Punjab National Bank, Aurangabad, Maharashtra – 431001

Impact Justification

Major corporate restructuring involving 100% promoter stake extinguishment, 95% public shareholding reduction, new listing under changed name, and significant lock-in period for preferential shares following NCLT-approved resolution plan.