Himadri Speciality Chemical Ltd has allotted 3,07,800 equity shares, with a face value of Re. 1 each, following the exercise of warrants. This allotment is linked to the warrants issued on a preferential basis. The company received Rs. 7,29,48,600 from warrant holders at Rs. 237 per warrant. As a result, the company’s issued and paid-up capital has increased to Rs. 49,44,77,750, consisting of 49,44,77,750 equity shares.
Equity Share Allotment
Himadri Speciality Chemical Ltd has announced the allotment of 3,07,800 equity shares after the exercise of warrants. The shares have a face value of Re. 1 each. The allotment was approved by the Share Issue & Allotment Committee of the Board of Directors during its meeting held on October 16, 2025.
Details of the Allotment
The warrant exercise price was set at Rs. 237 per warrant, representing 75% of the warrant issue price. The company received a total of Rs. 7,29,48,600 from the warrant holders exercising their options. The warrants were initially allotted on May 14, 2024, allowing the holders to exchange each warrant for one equity share.
Impact on Capital Structure
Following this allotment, the issued and paid-up capital of Himadri Speciality Chemical Ltd has increased to Rs. 49,44,77,750. This capital is comprised of 49,44,77,750 equity shares, each with a face value of Re. 1. The newly allotted equity shares will rank equally with the company’s existing equity shares.
Breakdown of Allottees
The allottees included both promoter and non-promoter individuals. Among the notable allottees:
- Avijit Sasmal: 30,000 shares
- Rajesh Kumar Chokhani: 25,000 shares
- Mukund Choudhary: 1,00,000 shares
- Somesh Satnalika: 50,000 shares
Note: This list is not exhaustive; please refer to the official company announcement for a complete list of allottees.
Source: BSE
