Himadri Speciality Chemical allots 1 crore shares on warrant conversion
HSCL · price
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On the reaction day the stock moved 0.3 pts less than Nifty Smallcap 250 and 0.3 pts more than its Chemicals & Petrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Himadri Speciality Chemical allotted 1,00,17,200 equity shares (around 1 crore) on conversion of warrants originally issued in May 2024. Promoters Anurag Choudhary received 60 lakh shares and Amit Choudhary received 40 lakh shares; non-promoter Aditya Trivedi received 17,200 shares. The company collected about Rs 237.41 crores at Rs 237 per warrant as the balance 75 percent payment on the Rs 316 issue price. Paid-up share capital rose to Rs 50.44 crores across 50.44 crore shares.
Promoters took most shares, showing their commitment to the company. Share count rises about 2 percent, which is mild dilution for existing holders.