Description

BSE lists 35,00,000 new equity shares of Lords Chloro Alkali Ltd issued on a preferential basis via conversion of warrants, effective April 23, 2026.

Summary

BSE has listed 35,00,000 new equity shares of Lords Chloro Alkali Ltd (Scrip Code: 500284) effective Thursday, April 23, 2026. These shares were issued at a premium of Rs. 112/- (issue price Rs. 122/-) on a preferential basis to Promoters and Non-Promoters pursuant to conversion of warrants. The new shares rank pari-passu with existing equity shares.

Key Points

  • 35,00,000 equity shares of Rs. 10/- each issued at a premium of Rs. 112/- (total issue price Rs. 122/-)
  • Allotment date: February 9, 2026
  • Shares permitted to trade effective April 23, 2026
  • Distribution numbers: 25153862 to 28653861
  • ISIN: INE846D01012
  • Issued to Promoters and Non-Promoters via preferential allotment on conversion of warrants
  • All new shares rank pari-passu with existing equity shares

Regulatory Changes

No new regulatory changes. This is a standard listing notification under BSE’s Listing Operations for new securities admitted to trading.

Compliance Requirements

  • Trading members are informed to allow trading of the new securities from April 23, 2026
  • Lock-in restrictions must be observed per the details below; locked-in shares are not freely tradeable until the respective lock-in expiry dates

Important Dates

  • Allotment Date: February 9, 2026
  • Trading Commencement: April 23, 2026
  • Lock-in Expiry Dates:
    • 1,800,000 shares (Dist. Nos. 25153862–26953861): locked until November 1, 2027
    • 450,000 shares (Dist. Nos. 26953862–27403861): locked until October 31, 2027
    • 450,000 shares (Dist. Nos. 27403862–27853861): locked until November 1, 2027
    • 150,000 shares (Dist. Nos. 27853862–28003861): locked until October 31, 2026
    • 650,000 shares (Dist. Nos. 28003862–28653861): locked until November 1, 2026

Impact Assessment

The listing adds 35 lakh shares to the tradeable pool of Lords Chloro Alkali Ltd, though a significant portion (approximately 34.3 lakh out of 35 lakh shares) are subject to lock-in until late 2026 or 2027, limiting immediate market impact on liquidity. The preferential allotment at Rs. 122/- per share represents a fundraising event via warrant conversion. Existing shareholders may see minor dilution. The free-float increase from these shares will be gradual as lock-ins expire.

Impact Justification

Routine listing of new shares from preferential allotment via warrant conversion; significant share count (35 lakh) with lock-in restrictions affects float but is company-specific.