PCBL Chemical Limited has announced changes in its shareholding structure as multiple promoter entities, including Rainbow Investments Limited and Quest Capital Markets Limited, converted warrants into equity shares, increasing their stakes in the chemical manufacturer.

Warrant Conversion Details

Rainbow Investments Limited acquired 1.36 crore equity shares of PCBL Chemical through the conversion of warrants. The shares were allotted on November 3, following the exercise of rights attached to warrants issued on a preferential basis. The conversion price was set at Rs. 280.00 per share, with each share having a face value of Re. 1.00.

Quest Capital Markets Limited, another promoter group entity, has also acquired equity shares through the exercise of warrants. Each warrant was converted into one fully paid-up equity share of PCBL Chemical Limited with a face value of Re. 1 per share at a price of Rs. 280.00 each. The shares were issued on a preferential basis.

Impact on Shareholding

The warrant conversions have resulted in increases in the stakes held by promoter entities in PCBL Chemical. Here's a breakdown of the changes for Rainbow Investments:

This move strengthens the position of promoter entities as major shareholders in PCBL Chemical.

Regulatory Compliance

In compliance with the Securities and Exchange Board of India (SEBI) regulations, PCBL Chemical has made the necessary disclosures to the stock exchanges. The company filed the required Form C under Regulation 7(2)(a) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, detailing the acquisitions by promoter entities.

Quest Capital Markets disclosed its acquisition under insider trading regulations to PCBL Chemical's compliance officer, which was subsequently reported to stock exchanges NSE and BSE by PCBL Chemical.

Additional Corporate Actions

Concurrent with these developments, PCBL Chemical has also reported other corporate actions:

1. Similar warrant conversions by other promoter group entities, including Stel Holdings Limited.
2. The issuance of Commercial Paper worth Rs. 100.00 crores, with the following details:
   • Face Value: Rs. 5,00,000.00 per unit
   • Tenure: 90 days
   • Interest Rate: 6.22% per annum

These actions reflect PCBL Chemical's management of its capital structure and efforts to optimize its financial position.

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.