PCBL Chemical Limited , a prominent player in the chemical industry, has announced a significant corporate action involving one of its promoter group entities. Stel Holdings Limited, a key promoter of PCBL Chemical, has exercised its right to convert warrants into equity shares, potentially strengthening its position in the company.

Warrant Conversion Details

The conversion of warrants to equity shares was executed under a preferential issue arrangement. Here are the key details of the transaction:

This move by Stel Holdings Limited indicates a commitment to PCBL Chemical and may signal confidence in the company's future prospects.

Regulatory Compliance

In adherence to regulatory requirements, PCBL Chemical has disclosed this transaction in compliance with insider trading regulations. The company has filed the necessary disclosures under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Impact on Shareholding

While the exact number of warrants converted has not been specified in the available information, this transaction is likely to increase Stel Holdings' stake in PCBL Chemical. The conversion of warrants to equity shares at Rs. 280.00 per share, significantly above the face value of Re. 1.00, suggests a premium valuation for the company.

Other Promoter Actions

The LODR data reveals that other promoter entities of PCBL Chemical have also engaged in similar warrant conversions:

1. Rainbow Investments Limited, a promoter of the company
2. Quest Capital Markets Limited, another promoter group entity

These concurrent actions by multiple promoter entities might indicate a coordinated effort to enhance their collective stake in PCBL Chemical.

Company's Financial Activities

In a separate development, PCBL Chemical has also been active in the debt market. The company recently allotted Commercial Paper worth Rs. 100.00 Crores, demonstrating its ability to raise short-term funds. The details of this issuance are as follows:

This commercial paper issuance, coupled with the promoter group's warrant conversions, suggests that PCBL Chemical is actively managing its capital structure.

As these corporate actions unfold, investors and market watchers will likely monitor PCBL Chemical's performance and any subsequent strategic moves by its promoter entities.

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.