Bhagiradha Chemicals & Industries Limited — Important, 19-03-2025: Updates

The company has received trading approval for the issuance of 52,34,100 equity shares at a nominal value of Re. 1 each, resulting from the conversion of warrants on a preferential basis. These shares have been admitted for trading on both BSE and NSE, effective March 19, 2025. The shares will be issued at a premium of Rs. 132.20, with distinctive numbers ranging from 124434981 to 129669080. The lock-in periods for these shares are set, with a total of 3,75,380 shares locked in until October 5, 2026, and 48,58,720 shares until October 5, 2025. This development may positively impact the liquidity and capital structure of the company, warranting close observation by investors.