Shentracon Chemicals Limited has announced that its Board of Directors will meet on February 13, 2026, to consider and approve the unaudited financial results for the quarter and nine months ended December 31, 2025. The announcement was made through a formal communication to stock exchanges on February 9, 2026.

Board Meeting Details

The meeting has been convened in accordance with Regulation 29(1)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board will specifically review the company's performance for the third quarter of fiscal year 2026 and the nine-month period ending December 31, 2025.

Trading Window Status

The company has informed that the trading window for its equity shares, which closed on January 1, 2026, will continue to remain closed until the financial results are announced. As per the company's disclosure policy, the trading window will reopen 48 hours after the financial results are publicly declared.

Company Information

Shentracon Chemicals Limited is registered under CIN L24299WB1993PLC059449 with its registered office located at 6A, Kiran Sankar Roy Road, Kolkata-700001. The company's shares are listed on BSE Limited (Scrip Code: 530757) and The Calcutta Stock Exchange Ltd (Scrip Code: 29095) with ISIN INE0OUS01011.

The announcement was signed by Amit Lalit Jain, Managing Director (DIN: 05263766), who digitally signed the communication on February 9, 2026. The company has requested stock exchanges to disseminate this information on their respective websites as deemed appropriate.

Shentracon Chemicals Ltd witnessed a significant change in its ownership structure as the promoter group, led by Sanjay Sureka, divested their entire stake in the company. Following this development, the Independent Directors Committee (IDC) has now recommended an open offer by new acquirers for additional shares.

Promoter Group Exit Details

Open Offer Timeline Extension

Bonanza Portfolio Limited, acting as Manager to the Offer, has issued a corrigendum extending the open offer tendering period. The extension follows BSE's declaration of a trading holiday on January 15 due to Municipal Corporation Elections in Maharashtra.

Open Offer Structure

IDC Assessment and Rationale

The Independent Directors Committee, comprising Mr. Ashish Bakliwal (Chairperson) and Ms. Madhuri Toshniwal (Member), has unanimously approved the open offer. The committee published its recommendation in multiple newspapers including Financial Express, Jansatta, Mumbai Lakshadweep, and Duranta Barta.

The committee justified the ₹0.50 offer price based on compliance with Regulation 8(2) of SEBI (SAST) Regulations, recognition that company shares are infrequently traded on BSE, and alignment with prescribed regulatory parameters.

Market Implications

The complete exit of the promoter group combined with the new open offer represents a fundamental shift in Shentracon Chemicals' ownership structure. All other terms and conditions of the open offer remain unchanged despite the timeline extension. The IDC emphasized that while they consider the offer fair and reasonable, shareholders should independently evaluate the proposal and make informed decisions.