PCBL Chemical has announced that Stel Holdings Limited, a member of the promoter group, has acquired 12,00,000 equity shares. The acquisition was made through the exercise of warrants, with each warrant convertible into one equity share. The transaction was executed on November 3, 2025, at a price of ₹280 per share, increasing the promoter group’s stake in the company.
Promoter Group’s Acquisition
Stel Holdings Limited, part of the promoter group of PCBL Chemical, has acquired additional equity shares in the company by exercising its rights attached to warrants. This acquisition reflects a further investment by the promoter group and strengthens their stake in PCBL Chemical.
Details of the Transaction
The promoter group acquired a total of 12,00,000 equity shares. These shares were allotted following the conversion of warrants into equity shares. The conversion price was ₹280 per share. As of November 3, 2025, the promoter group’s holding has increased to 41,03,830 equity shares, representing approximately 1.043% of the company’s total shareholding.
Terms of Warrant Conversion
Each warrant was convertible into one fully paid-up equity share of PCBL Chemical. The face value of each share is ₹1. The transaction was executed on a preferential basis. The exercise of these warrants has resulted in an increased shareholding for Stel Holdings Limited within the promoter group.
Source: BSE
