Himadri Speciality Chemical Limited has received consideration related to the issuance of warrants. This pertains to the allotment of equity shares upon conversion of 1,00,17,200 warrants, out of a total of 108,17,000 warrants, issued on May 14, 2024, at a price of ₹316 each. The funds were received from promoters and identified non-promoter persons, related to exercising options for equity share conversion.
Warrant Conversion Update
Himadri Speciality Chemical Limited has announced the receipt of consideration connected with the allotment of equity shares on the conversion of warrants. This relates to 1,00,17,200 warrants out of a total of 108,17,000 warrants.
Key Details of the Warrant Issuance
The original warrants were issued on May 14, 2024, each convertible into one equity share at a price of ₹316. This issuance was made to the Promoters of the Company and certain identified non-promoter persons (the ‘Allottees’).
Breakdown of Warrant Exercise and Funds Received
The following details highlight the warrant exercises and associated funds received from various allottees:
| Name of the Allottee | Number of convertible Warrants allotted on May 14 2024 | Total Amount to be paid @Rs 316 per warrant | 25% upfront money received on or before 14 May 2024 | Number of shares allotted pursuant to exercise of warrants on 07.11.2025 | 75% of the upfront money @Rs. 237/- per warrant received on or before 07.11.2025 | Unexercised warrant as 75% of the issue price on 07.11.2025 |
|---|---|---|---|---|---|---|
| Anurag Choudhary | 60,00,000 | 1,89,60,00,000 | 47,40,00,000 | 60,00,000 | 1,42,20,00,000 | – |
| Amit Choudhary | 40,00,000 | 1,26,40,00,000 | 31,60,00,000 | 40,00,000 | 94,80,00,000 | – |
| Sucharita Basu De | 2,00,000 | 6,32,00,000 | 1,58,00,000 | – | – | 2,00,000 |
| Mukund Choudhary | 1,00,000 | 3,16,00,000 | 79,00,000 | – | – | 1,00,000 |
| Aditya Paresh Trivedi | 1,00,000 | 3,16,00,000 | 79,00,000 | 33,000 | 78,21,000 | 67,000 |
| Somesh Satnalika | 50,000 | 1,58,00,000 | 39,50,000 | – | – | 50,000 |
| Kamlesh Kumar Agarwal | 50,000 | 1,58,00,000 | 39,50,000 | – | – | 50,000 |
| Satish Kumar Chhabra | 50,000 | 1,58,00,000 | 39,50,000 | – | – | 50,000 |
| Vikash Kumar Patodia | 30,000 | 94,80,000 | 23,70,000 | – | – | 30,000 |
| Avijit Susmal | 30,000 | 94,80,000 | 23,70,000 | – | – | 30,000 |
| Prashant Prahladka | 25,000 | 79.00.000 | 19,75,000 | – | – | 25,000 |
| Rajesh Kumar Chokhani | 25,000 | 79,00,000 | 19,75,000 | – | – | 25,000 |
| Megha Choudhary | 25,000 | 79,00,000 | 19,75,000 | – | – | 25,000 |
| Dinesh Kumar Verma | 20,000 | 61,20,000 | 15,80,000 | – | – | 20,000 |
| Vikash Bajaj | 14,000 | 44,24,000 | 11,06,000 | – | – | 14,000 |
| Ayush Agarwal | 12,500 | 39,50.000 | 9,87,500 | – | – | 12,500 |
| Sakshi Agarwal | 12,500 | 39,50,000 | 9,87,500 | – | – | 12,500 |
| Monika Saraswat | 12.000 | 37,92,000 | 9,48,000 | – | – | 12,000 |
| Dr Soumen Chakraborty | 10,000 | 31,60,000 | 7,90,000 | – | – | 10,000 |
| Abhishek Damani | 10,000 | 31,60,000 | 7,90,000 | – | – | 10,000 |
| Anudam Mahata | 6,000 | 18,96,000 | 4,74,000 | – | – | 6,000 |
| Prakash Dalmia | 5,000 | 15,80,000 | 3,95,000 | – | – | 5,000 |
| Pushpa Chakhani | 5,000 | 15,80,000 | 3,95,000 | – | – | 5,000 |
| Sumys Brata Dutta | 5,000 | 15,80,000 | 3,95,000 | – | – | 5,000 |
| Kingshuk Bose | 5,000 | 15,80,000 | 3.95,000 | – | – | 5,000 |
| Arvind Sunder Shetty | 5,000 | 15,80,000 | 3,95,000 | – | – | 5,000 |
| Subroto Mukherjee | 5,000 | 15,80,000 | 3,95,000 | – | – | 5,000 |
| Sudha Choudhary | 5,000 | 15,80,000 | 3,95,000 | – | – | 5,000 |
| Total | 1,08,17,000 | 3,41,91,72,000 | 8,54,53,000 | 1,00,17,200 | 2,37,40,76,400 | 34,000 |
Source: BSE
