Description
BSE notifies listing of 6,05,494 equity shares of Shree Hari Chemicals Export Ltd. issued to promoters on preferential basis via conversion of Compulsory Convertible Debentures, effective March 4, 2026.
Summary
BSE has notified trading members that 6,05,494 new equity shares of Shree Hari Chemicals Export Ltd. (Scrip Code: 524336) are listed and permitted for trading on the Exchange effective Wednesday, March 4, 2026. These shares were issued to promoters on a preferential basis pursuant to the conversion of Compulsory Convertible Debentures (CCDs).
Key Points
- Quantity: 6,05,494 equity shares of Rs. 10/- each, issued at a premium of Rs. 69/- (issue price Rs. 79/- per share)
- Issued to: Promoters on a preferential basis
- Purpose: Conversion of Compulsory Convertible Debentures (CCDs)
- Ranking: Pari-passu with existing equity shares
- Distinctive Numbers: 4986141 to 5591634
- ISIN: INE065E01017
- Date of Allotment: December 4, 2025
Regulatory Changes
No new regulatory changes introduced. This is a standard listing notification under BSE’s procedures for new securities arising from preferential allotment and CCD conversion.
Compliance Requirements
- Trading members are permitted to trade these new securities from March 4, 2026 onwards.
- The newly listed shares are subject to a lock-in restriction; the 6,05,494 shares (Dist. Nos. 4986141–5591634) are locked in until June 4, 2027.
Important Dates
| Event | Date |
|---|---|
| Date of Allotment | December 4, 2025 |
| Listing / Trading Effective Date | March 4, 2026 |
| Lock-in Expiry | June 4, 2027 |
Impact Assessment
The listing of 6,05,494 new shares represents a modest increase in the total share count of Shree Hari Chemicals Export Ltd., resulting in marginal dilution for existing shareholders. Since these shares are allotted to promoters and subject to a lock-in until June 4, 2027, there is no immediate free-float impact. Market liquidity for these shares will only increase post lock-in expiry. The issue price of Rs. 79/- per share (face value Rs. 10/- + premium Rs. 69/-) reflects the valuation at the time of CCD conversion in December 2025.
Impact Justification
Routine listing of preferential allotment shares from CCD conversion; medium impact due to share dilution effect on existing shareholders and a lock-in period extending to June 2027 limiting promoter liquidity.