Allotment of equity shares pursuant to conversion of CCDs
Price
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Shree Hari Chemicals Export Ltd has allotted 7,74,946 equity shares to Shubhalakshmi Polyesters Limited upon conversion of Zero Coupon Compulsorily Convertible Debentures (CCDs). Each equity share has a face value of Rs. 10 and was issued at a premium of Rs. 69, making the effective conversion price Rs. 79 per share. This is the fourth intimation in the series following previous notifications in November 2024, March 2025, and December 2025. The newly allotted shares will be subject to a lock-in period as per SEBI ICDR Regulations, 2018.
Existing shareholders face dilution as the share capital increases. The conversion of CCDs reduces the company's debt obligation while expanding its equity base.