Lords Chloro Alkali Limited has informed the Exchange about General Updates
LORDSCHLO · price
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Lords Chloro Alkali has received listing approval from both NSE and BSE for 35,00,000 equity shares (scrip codes: 500284 / LORDSCHLO). These shares were allotted upon conversion of an equal number of warrants issued on a preferential basis at Rs. 122 per share (face value Rs. 10 + premium Rs. 112), raising a total of Rs. 42.70 crore. Both promoters and non-promoters participated in this warrant conversion. The shares, bearing distinctive numbers 25153862 to 28653861, are now admitted to dealings pending confirmation from depositories NSDL and CDSL.
Existing shareholders face dilution as 35 lakh new shares enter the market. The conversion converts warrants into equity, reducing potential future obligation but increasing outstanding share count. Watch for impact on EPS and per-share metrics.