Standard surfactants Limited has announced the allotment of 8,00,000 convertible warrants to its promoter group members on April 09, 2026. The allotment was conducted following shareholder approval obtained through postal ballot on March 16, 2026, and in-principal approval from BSE Limited where the company's securities are listed.

Warrant Allotment Details

The Board of Directors approved the allotment of 8,00,000 fully convertible warrants on preferential basis to promoter group members. Each warrant carries the right to subscribe to one equity share per warrant held. The issue price was set at Rs. 58 per warrant, comprising face value of Rs. 10 and premium of Rs. 48.

Allottee-wise Distribution

The warrants were distributed among three promoter group members, with Kunal Garg receiving the largest allocation.

Conversion Terms and Lock-in Provisions

The convertible warrants entitle allottees to apply for equal number of equity shares by paying the balance 75% of the issue price within 18 months from the date of issue. The warrants allotted on preferential basis will be subject to lock-in provisions for specified periods in accordance with Chapter V of SEBI ICDR Regulations, 2018.

Regulatory Compliance

The allotment was made pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has confirmed that detailed information required under SEBI Master Circular dated November 11, 2024, was previously submitted along with the postal ballot notice dated February 14, 2026. The Board meeting for the allotment commenced at 04:00 P.M. and concluded at 05:30 P.M. on April 09, 2026.

Standard Surfactants Limited has secured in-principle approval from BSE Limited for its proposed preferential issue of warrants convertible into equity shares. The approval marks a significant step in the company's capital raising initiative targeted at promoters.

BSE Approval Details

The company received the in-principle approval through BSE's letter bearing No. LOD/PREF/DA/FIP/1971/2025-26 dated March 30, 2026. This approval permits Standard Surfactants Limited to proceed with the proposed securities issue under the regulatory framework.

Warrant Issue Specifications

The approved preferential issue involves specific terms for warrant conversion and pricing. The warrants are designed to provide promoters with the option to convert into equity shares at predetermined conditions.

Impact and Compliance Requirements

Upon receiving the in-principle approval, Standard Surfactants Limited is now permitted to issue and allot the 8,00,000 warrants convertible into equity shares to the proposed allottees. The company has fulfilled its disclosure obligations under Regulation 30 of SEBI LODR Regulations by informing the exchange about this development.

The BSE approval comes with specific compliance requirements that the company must adhere to during the issue process. These include:

• Ensuring strict compliance with Companies Act, 2013 and various SEBI regulations
• Obtaining necessary statutory and other approvals
• Strengthening internal controls to monitor trading activities
• Securing undertakings from allottees regarding trading restrictions

Post-Issue Obligations

Standard Surfactants Limited must complete several post-issue formalities following the allotment of securities. The company is required to make a listing application within twenty days from the date of allotment, as specified in SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023. Non-compliance with this timeline will attract penalties as mentioned in the regulatory circular.

The BSE has reserved its right to withdraw the in-principle approval if any information submitted is found to be incomplete, incorrect, misleading, or in contravention of applicable regulations and guidelines.