Shree Hari Chemicals Export Limited has completed a significant corporate action involving the conversion of compulsorily convertible debentures into equity shares, resulting in a substantial increase in promoter shareholding. The company, listed on BSE with scrip code 524336, disclosed the transaction under SEBI's substantial acquisition regulations.

Debenture Conversion Details

The Committee of Directors approved the allotment of 6,05,494 equity shares through the conversion of Zero Coupon Compulsorily Convertible Debentures (CCDs). The conversion was completed on December 4, 2025, with the original debentures having been allotted on November 15, 2024.

Promoter Group Shareholding Changes

The conversion has significantly altered the promoter group's shareholding pattern. Four promoter entities participated in the conversion, with Shubhalakshmi Polyesters Limited being the largest beneficiary.

Pre-Conversion Holdings:

Shares Acquired Through Conversion:

Post-Conversion Shareholding Structure

Following the conversion, the promoter group's collective shareholding has increased substantially. The total promoter holding now represents a significant portion of the expanded share capital.

Capital Structure Impact

The conversion has expanded the company's equity share capital from ₹4.93 crores to ₹5.54 crores, representing an increase of approximately 12.27%. The total number of equity shares outstanding has risen from 49,32,440 to 55,37,934 shares.

Regulatory Compliance

The allotted equity shares are subject to lock-in provisions under Regulation 167 of SEBI's Issue of Capital and Disclosure Requirements Regulations, 2018. The transaction was disclosed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, reflecting the significant nature of the shareholding change.

This strategic conversion strengthens the promoter group's control over the company while providing them with enhanced voting rights and participation in the company's growth prospects.

Shree Hari Chemicals Export Limited has announced a significant investment in its wholly-owned subsidiary, Shakambhari Dyechem Private Limited (SDPL). The company has invested Rs. 5 crore in SDPL's rights issue, acquiring 50 lakh equity shares at a par value of Rs. 10 each.

Investment Details

Purpose and Impact

The investment is aimed at funding SDPL's capital expenditure requirements for its proposed expansion. SDPL, as a wholly-owned subsidiary of Shree Hari Chemicals, is engaged in the manufacturing of synthetic organic chemicals and dye intermediates.

Subsidiary Profile

This strategic investment underscores Shree Hari Chemicals' commitment to expanding its presence in the chemical manufacturing sector. By strengthening its subsidiary's financial position, the company aims to capitalize on growth opportunities in the synthetic organic chemicals and dye intermediates market.

The move is expected to enhance SDPL's production capabilities, potentially leading to increased market share and improved financial performance for the Shree Hari Chemicals group as a whole. However, the actual impact of this investment on the company's future performance remains to be seen and will depend on various market factors and the successful implementation of SDPL's expansion plans.

Investors and stakeholders should monitor future announcements from Shree Hari Chemicals for updates on the progress of SDPL's expansion and its impact on the group's overall performance.