The Company has been allotted 50,00,000 fully paid up Equity Shares of face value of Rs. 10/- each on Right Issue basis at par on November 21, 2025.
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Shree Hari Chemicals Export Ltd has invested Rs. 5,00,00,000 (Rs. 5 Crore) in its wholly owned subsidiary Shakambhari Dyechem Private Limited (SDPL) by subscribing to a rights issue. The company was allotted 50,00,000 fully paid-up equity shares of Rs. 10 face value at par on November 21, 2025. The investment is intended to fund SDPL's capital expenditure for a proposed expansion in the chemical business, specifically dye and dye-intermediates manufacturing. SDPL has also received Environmental Clearance from SEIAA for manufacturing Synthetic Organic Chemicals and Dye Intermediates. SDPL will continue to remain a wholly owned subsidiary of the company after the allotment.
This is a capital infusion into the company's own wholly owned subsidiary for expansion purposes, with no change in ownership control. It indicates the company is funding growth in its dye intermediates business, but the size of Rs. 5 Crore is modest relative to typical corporate moves and is unlikely to materially move the stock on its own.