This Intimation is with reference to the Corporate announcement dated May 12, 2025- "Outcome of Board Meeting of the Company held on May 12, 2025 for conversion of 15,07,199 Warrants into ....
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Bhatia Colour Chem has sent a follow-up intimation to BSE to correct a clerical error in its earlier announcement regarding the conversion of 15,07,199 warrants into 15,07,199 equity shares of Rs. 10 face value. The error was in Annexure A, where Mr. Dilip Bhikamchand Sethia's pre-issue equity holding was wrongly recorded as 1,600 shares, when in fact he had no prior shareholding. After the conversion, he holds 14,400 shares (0.10% of the company). The company clarified this was unintentional and the rest of the board meeting outcome remains unchanged.
This is purely an administrative correction with no impact on shareholder value or share price. The actual warrant conversion had already been disclosed on May 12, 2025; investors should rely on the corrected pre-issue holding figure going forward.