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Garden Silk Mills informs about outcome of Board Meeting

23 Mar 2015 Evaluate

With reference to the earlier announcement dated March 18, 2015, regarding Outcome of Board Meeting. Garden Silk Mills has now informed that the Board of Directors of the Company at their meeting held on March 18, 2015 approved the proposal for issue and allotment of 1949861 equity shares of Rs 10 each fully paid up at a premium of Rs 25.90 per share on conversion of 1487147 0.001% OCCPS issued for a consideration of Rs 7.00 crore in favour of promoter group. Consequent to the said allotment, the paid up equity share capital of the company has increased from 40132665 equity shares of Rs 10 each aggregating to Rs 40,13,26,650 to 42082526 equity shares of Rs 10 each aggregating to Rs 42,08,25,260. The aforesaid equity shares so allotted on conversion of OCCPS shall be locked-in for a period of 3 years from the date of allotment in terms of SEBI (ICDR) Regulations 2009 and rank pari passu in all respects with the existing fully paid up equity shares of the Company.

The above information is a part of company’s filings submitted to BSE.

Garden Silk Mills Share Price

7.61 0.00 (0.00%)
25-Jan-2021 18:59 View Price Chart
Peers
Company Name CMP
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Arvind 385.05
K.P.R. Mill 919.20
Page Industries 38400.65
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