PCBL Chemical Limited has informed the Exchange regarding allotment of 16000000 securities pursuant to Preferential Issue at its meeting held on November 03, 2025
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PCBL Chemical has allotted 1,60,00,000 equity shares (face value Re. 1) upon conversion of equal number of warrants that were originally issued on a preferential basis on May 7, 2024. The warrant holders paid the balance 75% consideration of Rs. 210 per warrant (Rs. 336 crore in total), with the total issue price being Rs. 280 per share (including Rs. 279 premium). All 1.6 crore shares went to three promoter group entities — Rainbow Investments Limited (1.36 crore shares), Quest Capital Markets Limited (12 lakh shares), and STEL Holdings Limited (12 lakh shares). Post-allotment, the company's paid-up share capital has risen to Rs. 39.34 crore, comprising 39.34 crore equity shares. The new shares will rank equally with existing equity shares.
This is a promoter-group equity infusion of Rs. 336 crore that strengthens PCBL's capital base without any dilution for public shareholders. Since the shares are going only to promoters/promoter group, the effective promoter holding will increase, while the public float proportion decreases slightly. The market may view this as a signal of promoter confidence in the company's prospects.