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Jai Balaji Industries informs about outcome of board meeting

23 Jun 2017 Evaluate

In terms of the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Jai Balaji Industries has informed that the Board of Directors of the Company at its meeting held on 23rd June, 2017, which commenced at 2.45 p.m and concluded at 3.30 p.m has approved the part conversion of 4,600,000 convertible warrants into 4,600,000 Equity Shares of Rs 10 each out of balance 8,205,000 convertible warrants to non-promoter, Mahesh Kumar Keyal-HUF, (represented by Mahesh Kumar Keyal- Karta) pursuant to exercise of their rights of conversion of warrants into equity shares and accordingly the Board of Directors have allotted 4,600,000 equity shares of Rs 10 each fully paid up on account of conversion. Consequent to the aforesaid allotment, the paid-up equity capital of the Company has increased from Rs 881,814,860 consisting of 88,181,486 equity shares of Rs 10 each to Rs 927,814,860 consisting of 92,781,486 equity shares of Rs 10 each.

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

Jai Balaji Inds Share Price

71.61 0.14 (0.20%)
24-Apr-2026 16:01 View Price Chart
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