Chembond Material Technologies Limited has informed the Exchange regarding 'Communication received from Chembond Chemicals Limited (formerly Chembond Chemical Specialties Limited) regarding Newspaper Advertisement in Hindi Newspaper of Information Memorandum in connection to the listing of 2,68,96,576 Equity shares.'.
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Awaiting price reaction for this filing.
Chembond Material Technologies Limited (CMTL) has shared a newspaper advertisement published in 'Hamara Mahanagar' (Hindi) on July 17, 2025, regarding the Information Memorandum for listing 2,68,96,576 equity shares of Chembond Chemicals Limited (CCL, formerly Chembond Chemical Specialties Limited) on BSE and NSE. This follows the NCLT Mumbai Bench order dated April 7, 2025, sanctioning a Composite Scheme of Arrangement with an effective date of May 3, 2025. Under the scheme, CMTL's Construction Chemicals and Water Treatment businesses have been demerged into CCL, followed by the amalgamation of Chembond Clean Water Technologies, Chembond Material Technologies Pvt Ltd, Phiroze Sethna Pvt Ltd, and Gramos Chemicals (India) Pvt Ltd. Post-scheme, the promoter and promoter group hold 67.65% of CCL while the public holds 32.35%. The filing is procedural, complying with SEBI's relaxation from Rule 19(2)(b) of SCRR, and a statutory advertisement in line with SEBI Master Circular dated June 20, 2023.
This is a compliance/regulatory filing rather than a new business event — the demerger and amalgamations have already taken effect. For CMTL shareholders, attention should shift to the actual listing and trading of CCL shares on the exchanges, which will create a separate listed entity focused on construction chemicals and water treatment businesses.