Himadri Speciality Chemical Limited has informed the Exchange regarding 'Certificate from Statutory Auditor in terms of Regulation 169(5) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("ICDR Regulations'')
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Himadri Speciality Chemical has filed a statutory auditor certificate (from Singhi & Co.) confirming it has received the balance 75% money due on conversion of 3,08,000 warrants into equity shares by 9 allottees. These warrants were originally part of a total 1,08,17,000 preferential convertible warrants issued on May 14, 2024 to promoters and certain non-promoter persons, at Rs. 316 per share (Re. 1 face value). The Share Issue & Allotment Committee approved the allotment of 3,08,000 equity shares on August 13, 2025, with the balance 75% (Rs. 237 per warrant) received between August 1-12, 2025. The remaining warrant holders have not yet exercised their option, and the corresponding balance 75% money is yet to be received. The auditor confirmed compliance with ICDR Regulation 169(4).
This is a routine regulatory compliance filing rather than a market-moving event. It confirms partial conversion of earlier issued warrants, bringing in additional capital (around Rs. 9.73 crore from this tranche) and slightly expanding the equity base. Shareholders should note further dilution is possible when remaining warrant holders choose to convert.