PCBL Chemical Limited, a prominent player in the chemical industry, has initiated a significant corporate action by issuing a postal ballot notice to its shareholders. The company is seeking approval for the appointment of Nilesh Koul as its new Managing Director for a five-year term, commencing from November 3, 2025, to November 2, 2030.

Key Details of the Appointment

• Candidate: Nilesh Koul (DIN: 10963815)
• Proposed Position: Managing Director
• Term: 5 years (November 3, 2025 to November 2, 2030)
• Age: 52 years

Professional Background

Nilesh Koul brings a wealth of experience to PCBL Chemical Limited:

• 28 years of leadership experience across diverse industries
• Previous roles in strategy, sales, marketing, manufacturing, and digital transformation
• Led P&Ls across international geographies
• Last assignment: Senior President, CEO Aluminium Downstream at Hindalco Industries Limited

Educational Qualifications

• Graduate from G.B. Pant University
• Post Graduate Diploma in Business Management (PGDBM) from IIM, Ahmedabad

Proposed Remuneration Package

The company has outlined a comprehensive remuneration package for Nilesh Koul, subject to shareholder approval:

Additionally, Koul will be entitled to various benefits including personal accident insurance, leave encashment, club fees, medical insurance, and other perquisites as per company rules.

Voting Process

PCBL Chemical Limited has engaged National Securities Depository Limited (NSDL) to facilitate the e-voting process:

• E-voting Period: November 12, 2025 (9:00 AM) to December 11, 2025 (5:00 PM)
• Scrutinizer: Mr. Manoj Prasad Shaw, Practicing Company Secretary

Board's Recommendation

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, believes that Nilesh Koul's appointment will significantly contribute to the company's long-term vision and growth strategy. They have recommended that shareholders vote in favor of the resolution.

This corporate action represents a strategic move by PCBL Chemical Limited to bring in experienced leadership to steer the company through its next phase of growth and innovation. Shareholders are encouraged to participate in the e-voting process to voice their decision on this crucial appointment.

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.