NSE Issues Advisory Letter to Ishan Dyes and Chemicals Over Warrants Lock-in Delay
Ishan Dyes and Chemicals Ltd has received an advisory letter from the National Stock Exchange of India (NSE) regarding a delay in the lock-in period for warrants allotted to the company.The advisory was issued by NSE on June 11, 2026, following a review of the company's compliance regarding its convertible securities and warrants. The concern centers on the timing of the lock-in for 45,84,872 warrants that were allotted during a preferential issue on September 20, 2025.
As per regulations governing non-listed convertible securities or warrants, these securities are required to be locked in for a period of one year from the date of allotment. The company's internal records indicate that the warrants were kept under lock-in from December 6, 2025, until September 20, 2026.
The NSE noted that the commencement of the lock-in on December 6, 2025, constituted a delay exceeding two months from the date of allotment. This timing led to a non-compliance of the third Proviso of Regulation 167(1) of SEBI (ICDR) Regulations, 2018.
The company attributed the operational issue to difficulties faced while obtaining the ISIN and necessary Corporate Action letters from Depositories. During the period these warrants were held under lock-in, there were no instances recorded of purchase or sale by warrant holders.
Regarding the financial implications, the advisory letter confirmed that no fines or penalties had been imposed on Ishan Dyes and Chemicals Ltd. Consequently, the company stated that there is no impact on its financials or operations stemming from this specific advisory.
ISHANCH Stock Price Movement
As of 2:58 PM, shares of Ishan Dyes and Chemicals Limited shed 0.69%, currently tracking at ₹58.99 in live trading. The stock has managed to stay above its intraday low of ₹57.6 while trading on a total volume of 3,862 shares.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.
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