PCBL Chemical Limited has issued a clarification to BSE Limited regarding the recent increase in trading volumes of its shares, responding to the exchange's surveillance inquiry dated February 12, 2026. The company has assured full compliance with regulatory disclosure requirements and attributed the volume surge to market-driven factors.

Regulatory Compliance Confirmation

In its response to BSE's Volume Movement Letter (Reference No. L/SURV/ONL/PV/APJ/2025-2026/916), PCBL Chemical confirmed that it has made all necessary disclosures pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015. The company emphasized that all price-sensitive information affecting its operations and performance has been properly disclosed without withholding any material information.

Market-Driven Volume Increase

PCBL Chemical clarified that the increase in trading volume is purely market-driven, with the company having no specific information that could relate to the surge in share trading activity. The management stated that there is no undisclosed price-sensitive information or any impending announcement or corporate action that needs to be communicated to the exchange at this time.

The company reaffirmed its commitment to maintaining transparency and continuing prompt communication with stock exchanges regarding all material events, information, and actions as required under SEBI regulations. This assurance demonstrates the company's dedication to regulatory compliance and investor protection.

Official Response Details

The clarification was officially signed by K. Mukherjee, Company Secretary and Chief Legal Officer, on February 12, 2026. The response was digitally signed and submitted to BSE's Surveillance Department, addressing concerns about the volume movement in the company's shares trading under BSE Code 506590.

PCBL Chemical Limited, formerly known as PCBL Limited, operates from its registered office in Kolkata and maintains its corporate office at RPSG House. The company continues to emphasize its commitment to regulatory compliance and transparent disclosure practices in line with SEBI requirements.

PCBL Chemical Limited has submitted its monitoring agency report for the quarter ended December 31, 2025, in compliance with SEBI regulations regarding its preferential issue of warrants convertible into equity shares.

Regulatory Compliance and Report Submission

Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company filed the monitoring agency report issued by CRISIL Ratings Limited. The report covers the utilization of proceeds from the preferential issue of warrants for the quarter ended December 31, 2025.

Issue Details and Structure

The preferential issue was conducted during May 06-07, 2024, with the following parameters:

Fund Utilization and Object-wise Allocation

The proceeds are allocated across three main objects with their respective utilization status:

No proceeds were utilized for any of the stated objects during the reported quarter.

Monitoring Agency Findings

CRISIL Ratings Limited, serving as the monitoring agency, reported the following key findings:

• No deviation from the objects disclosed in the offer document
• No material deviations observed over earlier monitoring agency reports
• All utilization remains as per disclosures in the offer document
• No unfavorable events affecting the viability of the stated objects

Deployment of Unutilized Proceeds

The company has deployed the unutilized amount of Rs 336,00,00,000.00 in Bajaj Mutual Fund (Folio: 70112304151), which generated earnings of Rs 3,48,590.45 during the quarter. The market value of this investment stood at Rs 336,03,48,590.45 as of December 31, 2025.

Warrant Conversion Progress

As noted in the report, the company initially received Rs 112,00,00,000.00 (25% of total issue size) by September 30, 2024. During the reported quarter, warrant holders converted warrants worth Rs 336,00,00,000.00 into equity shares, bringing the total received amount to the complete issue size of Rs 448,00,00,000.00.

The monitoring agency confirmed that the company maintains compliance with all regulatory requirements and continues to utilize the proceeds in accordance with the stated objects of the preferential issue.