Description
Thirumalai Chemicals Ltd. has listed 18,96,614 preferential equity shares issued to promoters at Rs. 296 per share, with trading commencing February 9, 2026.
Summary
BSE has announced the listing and commencement of trading for 18,96,614 new equity shares of Thirumalai Chemicals Ltd. (Scrip Code: 500412) effective February 9, 2026. These shares were issued to promoters on a preferential basis at an issue price of Rs. 296 per share (face value Re. 1 with premium of Rs. 295). The shares rank pari-passu with existing equity shares and are subject to lock-in until August 15, 2027.
Key Points
- Company: Thirumalai Chemicals Ltd. (Scrip Code: 500412)
- Number of Shares: 18,96,614 equity shares of Re. 1/- each
- Issue Price: Rs. 296 per share (Re. 1 face value + Rs. 295 premium)
- Allotment Type: Preferential allotment to Promoters
- Date of Allotment: December 23, 2025
- Trading Commencement: February 9, 2026 (Monday)
- ISIN: INE338A01024
- Distinctive Numbers: 118656161 to 120552774
- Ranking: Pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced. This is a standard listing notification following preferential allotment procedures.
Compliance Requirements
- Trading Members: Informed of the new securities available for trading from February 9, 2026
- Lock-in Compliance: All 18,96,614 shares (Dist. Nos. 118656161-120552774) are locked-in until August 15, 2027
- Shares must be tracked separately for lock-in compliance purposes
Important Dates
- December 23, 2025: Date of allotment
- February 6, 2026: Notice date
- February 9, 2026: Trading commencement date
- August 15, 2027: Lock-in expiry date
Impact Assessment
Market Impact: Minimal. The preferential allotment increases Thirumalai Chemicals’ equity base by approximately 18.97 lakh shares, representing capital infusion of Rs. 56.15 crore (18,96,614 shares × Rs. 296). Since these shares are issued to promoters and subject to lock-in until August 2027, there will be no immediate selling pressure or liquidity impact.
Operational Impact: Strengthens the company’s capital base through promoter contribution at a significant premium to face value, indicating promoter confidence. The funds can be utilized for business expansion or operational requirements.
Investor Impact: Existing shareholders should note the dilution effect, though the preferential allotment to promoters at premium pricing may be viewed positively as it demonstrates promoter commitment. The long lock-in period (until August 2027) ensures promoter alignment with long-term shareholder interests.
Impact Justification
Routine preferential allotment to promoters with standard lock-in. Limited market impact as shares are promoter-held and locked until August 2027.