Lords Chloro Alkali Ltd Receives Listing Approval for Equity Shares
Lords Chloro Alkali Ltd has secured listing approvals from both the National Stock Exchange of India Limited and BSE Limited for a block of equity shares. The approval pertains to 35,00,000 equity shares, which are allotted pursuant to the conversion of Warrants.The shares are set to be listed on a preferential basis to persons/entities belonging to the 'Promoter and Non-Promoter Category'. The conversion involves 35,00,000 Warrants that were initially issued at an Issue Price of Rs. 122/each. This transaction comprises the face value of Rs. 10/- each and a premium of Rs. 112/- each, aggregating to Rs. 42,70,00,000/-.
The company confirmed receiving the listing approval letter reference NSE/LIST/53708 from the National Stock Exchange and a letter dated 08.04.2026 with reference LOD/PREF/MV/FIP/37/2026-27 from BSE Limited.
For verification, the following details summarize the transaction:
| Particulars | Details |
|---|---|
| Number of Equity Shares | 35,00,000 |
| Allotment Basis | Conversion of Warrants |
| Issue Price per Share | Rs. 122/each |
| Face Value | Rs. 10/- each |
| Premium | Rs. 112/- each |
| Total Consideration | Rs. 42,70,00,000/- |
The National Stock Exchange of India Limited issued in-principle approval for the listing of the 35,00,000 Equity shares of Rs. 10/- each, which are allotted pursuant to the conversion of warrants issued on a preferential basis.
The company remains advised to ensure compliance with relevant regulations regarding the listed shares and the subsequent steps required for full admission to dealings on the Exchange.
LORDSCHLO Stock Price Movement
Shares of Lords Chloro Alkali Limited are edging higher to ₹143.24 as of 1:12 PM today, gaining 1.27% in live trading. The stock activity saw 8,792 shares traded during the current session.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.