Lords Chloro Alkali Ltd
📊 Key Updates: Financial Results, Warrant Conversion & Board Decisions
⚡️ Quick Scoop
• Approved Q3 & 9-month unaudited financials ending Dec 31, 2025.
• Converted 35 mn warrants into equity shares at Rs 122 each, raising Rs 427 cr.
• Equity shares increased from 251.54 mn to 286.54 mn.
• Re-appointed Managing Director for 5-year term starting July 12, 2026.
• Approved initiation of ESOP process.
🧠💡DeepDive
🔍 Financial Results Overview:
- Board approved Q3 & 9-month unaudited results ending Dec 31, 2025.
- Audited via limited review, indicating preliminary financial reporting.
📈 Warrant Conversion and Equity Changes:
- 35 million warrants converted to equity at Rs 122 each (Rs 112 premium).
- Raised approx. Rs 427 crore, boosting capital.
- Equity shares increased from 251.54 million to 286.54 million.
- Promoter holding rose slightly from 74.66% to 74.97%.
👥 Leadership & Governance Updates:
- Mr. Ajay Virmani re-appointed as Managing Director for 5 years from July 2026, pending approval.
- Approval for remuneration and increase of managerial remuneration limits, subject to shareholder consent.
🌱 ESOP Process Initiated:
- Board approved starting Employee Stock Option Plan, intending employee incentives.
🗓 Upcoming EGM:
- EGM set for March 18, 2026, to approve key decisions.
🔎 Summary and Perception:
- These announcements reflect strategic financial and governance moves, including capital raising and leadership continuity.
- Investors may view the warrant conversion, share dilution, and executive re-appointment as important corporate developments beyond routine updates.
