Shree Hari Chemicals Export Limited Allots 7,74,946 Equity Shares Following Debenture Conversion

1 min read     Updated on 03 Apr 2026, 06:57 PM
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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 Day5 Days1 Month6 Months1 Year5 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?

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Shree Hari Chemicals Export Limited Submits Dematerialisation Compliance Certificate for Q4 FY26

1 min read     Updated on 03 Apr 2026, 11:48 AM
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Shree Hari Chemicals Export Limited submitted its confirmation certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certificate, issued by MUFG Intime India Private Limited, confirms compliance with dematerialisation processes and validates that all securities received during the quarter were properly processed within prescribed timelines. The submission ensures regulatory compliance and maintains transparency in the company's share transfer operations.

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Shree hari chemicals export Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made to BSE Limited on April 03, 2026, ensuring adherence to regulatory requirements for dematerialisation processes.

Regulatory Compliance Submission

The company filed the confirmation certificate with BSE Limited, providing assurance of compliance with dematerialisation regulations during the fourth quarter of FY26. The certificate was issued by MUFG Intime India Private Limited (formerly Link Intime India Private Limited), which serves as the company's Registrar and Share Transfer Agent.

Parameter: Details
Regulation: SEBI Regulation 74(5)
Quarter Covered: March 31, 2026
Submission Date: April 03, 2026
Registrar: MUFG Intime India Private Limited
Exchange: BSE Limited
Scrip Code: 524336

Certificate Confirmation Details

MUFG Intime India Private Limited confirmed that all securities received from depository participants for dematerialisation during the quarter ended March 31, 2026 were properly processed. The registrar validated that securities were confirmed or rejected to depositories within prescribed timelines and that all procedural requirements were met.

Key confirmations included in the certificate:

  • Securities received for dematerialisation were confirmed/rejected to depositories
  • Security certificates were mutilated and cancelled after due verification
  • Depository names were substituted in the register of members as registered owners
  • All processes completed within prescribed regulatory timelines

Corporate Information

The submission was signed by B.C. Agrawal, Chairman & Managing Director (DIN: 00121080), on behalf of Shree Hari Chemicals Export Limited. The company maintains its corporate office at Oberoi Chambers, Andheri West, Mumbai, with registered office and works located at MIDC Industrial Area, Mahad, District Raigad, Maharashtra.

Registrar Details

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, issued the confirmation certificate dated April 01, 2026. The certificate was signed by Ashok Shetty, Sr. Vice President-Corporate Registry, confirming compliance with all dematerialisation requirements for the specified quarter.

Historical Stock Returns for Shree Hari Chemicals Export

1 Day5 Days1 Month6 Months1 Year5 Years
-1.81%-3.05%-11.99%+3.27%-37.49%+46.96%

Will the recent rebranding from Link Intime to MUFG Intime India impact the quality of registrar services for other listed companies?

How might stricter SEBI enforcement of dematerialisation compliance affect smaller chemical export companies in the coming quarters?

What operational challenges could Shree Hari Chemicals face in FY27 given the increasing regulatory scrutiny in the chemicals sector?

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1 Year Returns:-37.49%