Chembond Material Technologies Limited has informed the Exchange regarding 'Communication received from Chembond Chemicals Limited (formerly Chembond Chemical Specialties Limited) regarding SEBI Relaxation letter from the applicability of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957 for listing of 2,68,96,576 Equity shares.'.
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Chembond Material Technologies Limited has informed the stock exchanges about a communication from its related entity, Chembond Chemicals Limited (CCL), which has received a relaxation letter from SEBI. The exemption is from Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, and relates to the proposed listing of 2,68,96,576 (approximately 2.69 crore) equity shares of CCL. This is a follow-up to an earlier letter dated June 25, 2025. The Rule 19(2)(b) relaxation typically allows an entity to list its shares on stock exchanges without strictly meeting the minimum public shareholding and shareholder spread conditions required for a normal IPO, which usually indicates a listing arising out of a corporate restructuring such as a demerger or spin-off.
This is largely an administrative/procedural update for shareholders of Chembond Material Technologies Limited. Investors should watch for further details on the listing of CCL's shares, which may introduce a new listed entity connected to the existing group.