PCBL Chemical Limited , a prominent player in the chemical industry, has successfully raised Rs 336 crore through the conversion of warrants into equity shares. The company's Preferential Issue Committee approved the allotment of 1.6 crore equity shares, marking a significant move in its capital structure.

Warrant Conversion Details

The company allotted 1,60,00,000 equity shares of face value Re. 1 each upon conversion of an equal number of warrants. The warrants were originally issued on May 7, 2024, with an initial payment of 25% (Rs 70 per warrant) made at the time of allotment. The recent transaction involved the payment of the remaining 75% (Rs 210 per warrant), bringing the total warrant issue price to Rs 280.

Allotment Breakdown

The allotment of shares was made to three promoter entities:

Impact on Share Capital

Following this allotment, PCBL Chemical's paid-up share capital has increased to Rs 39.35 crore, consisting of 39,34,62,604 equity shares of Re. 1 each. The newly allotted shares rank pari-passu with the existing equity shares of the company.

Management Changes

In a separate development, PCBL Chemical announced significant changes in its top management:

1. Mr. Kaushik Roy has resigned as the Managing Director, effective November 3, 2025, citing personal reasons.
2. The Board has approved the appointment of Mr. Nilesh Koul as the new Managing Director for a five-year term, subject to shareholder approval.

Mr. Koul brings 28 years of leadership experience across various industries, including metals, construction materials, oil and gas, and FMCG. His appointment is expected to bring fresh perspectives to PCBL Chemical's strategic direction.

This capital infusion and management restructuring may signal PCBL Chemical's intent to strengthen its financial position and leadership as it navigates the evolving chemical industry landscape.

PCBL Chemical Limited , a prominent player in the chemical industry, has undergone a significant leadership change, as announced during its board meeting on November 3, 2025. The company has seen the resignation of its Managing Director and the appointment of a new leader to steer the organization forward.

Key Leadership Changes

Resignation of Kaushik Roy

Kaushik Roy has stepped down from his role as Managing Director of PCBL Chemical Limited, citing personal reasons. His resignation is effective immediately from November 3, 2025. As a result of this move, Roy will also relinquish his positions as:

• Chairman of the Sustainability and Risk Management Committee
• Chairman of the CSR Committee
• Member of the Stakeholders Relationship Committee

The company has expressed its appreciation for Roy's contributions during his tenure.

Appointment of Nilesh Koul

Simultaneously, the board has approved the appointment of Nilesh Koul as the new Managing Director. Koul's appointment is subject to shareholder approval through a special resolution via postal ballot. His term is set for five years, commencing from November 3, 2025.

Nilesh Koul's Professional Background

Nilesh Koul brings a wealth of experience to his new role:

Koul's diverse experience spans strategy, sales, marketing, manufacturing, and digital transformation. He has led P&Ls across international geographies, which positions him well to lead PCBL Chemical Limited in its next phase of growth.

The board meeting where these changes were approved commenced at 12:30 PM and concluded at 12:55 PM on November 3, 2025. The company has assured that necessary details regarding the postal ballot for shareholder approval will be provided in due course.

This leadership transition marks a new chapter for PCBL Chemical Limited, as it navigates the evolving landscape of the chemical industry under fresh guidance.