Description

Trading recommenced in equity shares of CLC Industries Limited (formerly Spentex Industries Limited) following capital restructuring approved by NCLT on May 12, 2023. Shareholding pattern filed under Regulation 31(1)(c).

Summary

NSE has announced the recommencement of trading in equity shares of CLC Industries Limited (formerly known as Spentex Industries Limited) following capital reduction pursuant to a Resolution Plan approved by the Hon’ble National Company Law Tribunal (NCLT) vide order dated May 12, 2023. The date of allotment/extinguishment was January 12, 2024. The company has filed its shareholding pattern under Regulation 31(1)(c) for the quarter ended January 28, 2026.

Key Points

  • NSE Symbol: CLCIND
  • Scrip Code: 521082
  • ISIN: INE376C01038
  • Previous Name: Spentex Industries Limited
  • Company Status: Not an SME, Not a PSU
  • Total Outstanding Shares: 10,394,680 equity shares
  • Promoter & Promoter Group Holding: 9,874,932 shares (95.00%)
  • Public Shareholding: 519,748 shares (5.00%)
  • Dematerialized Shares: 10,389,811 shares (99.95%)
  • Locked-in Shares: 9,355,212 shares (90.00% of total)
  • No partly paid-up shares, convertible securities, warrants, ESOPs, or depository receipts issued
  • No shares pledged or under non-disposal undertaking

Regulatory Changes

The capital restructuring was implemented pursuant to a Resolution Plan approved by NCLT on May 12, 2023. This involved capital reduction and resulted in the recommencement of trading after a suspension period. The company also underwent a name change from Spentex Industries Limited to CLC Industries Limited.

Compliance Requirements

  • Shareholding pattern filed under Regulation 31(1)(c) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Capital Restructuring report submitted to NSE
  • Updated shareholding disclosure showing promoter and public shareholding percentages
  • Dematerialization compliance maintained at 99.95%

Important Dates

  • NCLT Order Date: May 12, 2023
  • Date of Allotment/Extinguishment: January 12, 2024
  • Shareholding Pattern Quarter Ended: January 28, 2026
  • Trading Recommencement: Post-capital restructuring completion

Impact Assessment

The recommencement of trading provides liquidity to existing shareholders after the capital restructuring process. With 90% of shares locked-in and promoter holding at 95%, the free float available for trading is limited to approximately 5% public shareholding. The high concentration of promoter holding and significant locked-in shares may result in lower liquidity and higher volatility in the counter. Investors should note the capital restructuring background and the company’s emergence from the resolution plan approved by NCLT.

Impact Justification

Recommencement of trading after capital restructuring affects existing shareholders and market participants. The company underwent significant capital reduction approved by NCLT, with promoter holding at 95% and public shareholding at 5%.