Shree Hari Chemicals Export Limited Allots 7,74,946 Equity Shares Following Debenture Conversion
Shree Hari Chemicals Export Limited allotted 7,74,946 equity shares to Shubhalakshmi Polyesters Limited on April 03, 2026, following conversion of zero coupon compulsorily convertible debentures. The shares were issued at Rs. 79 per share (Rs. 10 face value plus Rs. 69 premium) and will be subject to lock-in provisions under SEBI Regulation 167. This conversion continues the company's structured debenture conversion program, with previous intimations provided in November 2024, March 2025, and December 2025.

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Shree hari chemicals export Limited has completed the allotment of 7,74,946 equity shares following the conversion of compulsorily convertible debentures. The Committee of Directors approved this allotment during their meeting held on April 03, 2026, marking another significant step in the company's capital restructuring activities.
Share Allotment Details
The allotment involves the conversion of zero coupon compulsorily convertible debentures held by Shubhalakshmi Polyesters Limited. The conversion was executed on a one-to-one basis, with each debenture converting into one equity share.
| Parameter: | Details |
|---|---|
| Number of Shares Allotted: | 7,74,946 |
| Face Value per Share: | Rs. 10 |
| Premium per Share: | Rs. 69 |
| Total Issue Price: | Rs. 79 per share |
| Allottee: | Shubhalakshmi Polyesters Limited |
| Debenture Value: | Rs. 79 each |
Regulatory Compliance
The newly allotted equity shares will be subject to lock-in provisions as mandated under Regulation 167 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. This regulatory requirement ensures that the shares cannot be freely traded immediately upon allotment, providing stability to the company's shareholding pattern.
Previous Intimations
This allotment represents a continuation of the company's debenture conversion program. Shree Hari Chemicals Export Limited had previously provided intimations regarding similar conversions on November 15, 2024, March 15, 2025, and December 04, 2025, indicating an ongoing structured approach to capital optimization.
Meeting Details
The Committee of Directors meeting that approved this allotment commenced at 5:30 p.m. and concluded at 6:00 p.m. on April 03, 2026. The decision was formally communicated to BSE Limited, where the company's shares are listed under scrip code 524336. The allotment strengthens the company's equity base while providing Shubhalakshmi Polyesters Limited with a direct equity stake in Shree Hari Chemicals Export Limited.
Historical Stock Returns for Shree Hari Chemicals Export
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.81% | -3.05% | -11.99% | +3.27% | -37.49% | +46.96% |
Will Shree Hari Chemicals Export continue its debenture conversion program beyond April 2026, and what is the total remaining convertible debt outstanding?
How might Shubhalakshmi Polyesters Limited's increased equity stake influence Shree Hari Chemicals Export's strategic direction and business partnerships?
What impact will the lock-in provisions under SEBI regulations have on the company's stock liquidity and trading volumes in the near term?

































