Bhagiradha Chemicals & Industries Limited has informed the Exchange regarding 'Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Allotment of Equity shares by Bheema Fine Chemicals Private Limited (wholly 0wned subsidiary).'.
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Bhagiradha Chemicals informed the exchange that its wholly owned subsidiary, Bheema Fine Chemicals Private Limited, allotted 4,08,36,237 equity shares of Rs.10 face value at Rs.90 per share (including Rs.80 premium) to the parent company. This allotment, worth about Rs.367.53 Crores, was done by converting loans (including accrued interest) that the parent had extended to the subsidiary. No fresh cash was infused — this is purely a debt-to-equity conversion within the group. The subsidiary, which manufactures agrochemicals and intermediates, reported a turnover of Rs.17.02 Cr in FY25 (up from Rs.0.93 Cr in FY24). The move aims to reduce the subsidiary's interest burden and strengthen its balance sheet, while the parent continues to hold 100% of the subsidiary.
This is an internal restructuring with no impact on the parent's shareholding pattern or cash flows. Shareholders are not affected directly, though the subsidiary's improved balance sheet could support future operations. No change in consolidated ownership or fresh equity dilution at the listed entity level.