PCBL allots shares, appoints new managing director

PCBL Chemical Limited has allotted 16,000,000 equity shares of Re. 1/- each, following the exercise of warrants on a preferential basis. This allotment, approved by the Preferential Issue Committee on November 3, 2025, increased the company's issued and paid-up share capital to Rs. 39,34,62,604/-. The warrants were exercised at a price of Rs. 280/- per warrant, with Rs. 210/- per warrant received as the balance consideration (75% of the warrants issue price), aggregating to Rs. 3,360,000,000. The allottees include Rainbow Investments Limited, Quest Capital Markets Limited, and STEL Holdings Limited.

Concurrently, PCBL announced leadership changes effective November 3, 2025. kaushik roy resigned as managing director due to personal reasons. In his place, the board of directors approved the appointment of nilesh koul as managing director for a five-year term, pending shareholder approval via postal ballot. Koul brings 28 years of leadership experience across various industries.

The new equity shares will rank pari-passu with existing equity shares. These disclosures adhere to regulation 30 of the SEBI listing regulations and the SEBI master circular dated November 11, 2024.