Chembond Material Technologies Limited has informed the Exchange regarding 'Communication received from Chembond Chemicals Limited (formerly known as ChembondChemical Specialties Limited) regarding:(i) its change of name; and(ii) listing of its equity shares on the Stock Exchanges viz. BSE Limited and National StockExchange of India Limited'.
CHEMBOND · price
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As part of an ongoing Composite Scheme of Arrangement, Chembond Chemicals Limited (CCL) — the resulting company — has changed its name from Chembond Chemical Specialties Limited to Chembond Chemicals Limited, effective June 24, 2025. CCL has also received in-principle approval from BSE (June 23, 2025) and NSE (June 24, 2025) for the listing of its equity shares. SEBI's final approval is still pending. The existing listed entity, Chembond Material Technologies Limited (CMTL), is merely relaying this information to the exchanges as part of the demerger/restructuring process.
Shareholders of CMTL will eventually receive shares of the newly listed CCL as part of the composite scheme of arrangement, once SEBI approval is obtained and the listing becomes effective. The approval from BSE and NSE is a positive step towards completion of the corporate restructuring.