Please find enclosed dislcosure under Regulation 30 of SEBI LODR Regulations, 2015 for acquisition of 12,00,000 equity shares of PCBL Chemical Ltd.
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Quest Capital Markets Ltd has acquired 12 lakh fully paid equity shares of PCBL Chemical Ltd at Rs. 280 per share, totalling around Rs. 33.6 crore. The shares were acquired upon conversion of warrants that were originally allotted on a preferential basis on 7th May 2024. The acquired stake represents just 0.2299% of PCBL Chemical's post-issue paid-up share capital. Quest Capital Markets is part of the promoter group of PCBL Chemical, and the transaction was carried out at arm's length in cash. PCBL Chemical is India's largest carbon black manufacturer with a consolidated FY25 turnover of Rs. 8,404 crore.
This is a small, non-material stake increase (0.23%) by a promoter group entity, signalling continued promoter commitment and financial backing for PCBL Chemical rather than any change in control. Retail PCBL investors are unlikely to see a direct price impact from this routine warrant-conversion event.