Lords Chloro Alkali Limited has informed the Exchange regarding allotment of 3500000 securities pursuant to Preferential Issue at its meeting held on February 09, 2026
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Lords Chloro Alkali Limited has allotted 35 lakh (3.5 million) securities to specific investors through a preferential issue at its board meeting held on February 9, 2026. This is a private placement of securities to select investors rather than a public offering. No details on issue price, investor names, or use of proceeds have been disclosed in this filing. The company appears to be raising capital from a small group of identified investors.
Shareholders should note that a preferential issue typically leads to dilution of existing shareholders' stake. Investors will want to watch for follow-up filings disclosing the issue price and identities of allottees to assess whether the terms are fair and the dilution impact.