JK Agri Genetics informs about allotment of equity shares

JK Agri Genetics Ltd. | Agriculture | Agriculture & Allied activities | BSE: 536493 | NSE:

04 Mar 2020 Evaluate

Refer to letters dated 20/01/2020, 23/01/2020 and 22/02/2020 with respect to issuance of Equity Shares and fully Convertible Warrants for cash to person belonging to Promoter and Promoter group on preferential basis. JK Agri Genetics has informed that the Committee of Directors, authorised by the Board of Directors of the Company, has at their Meeting held today approved allotment of 5,50,000 Equity Shares of Rs 10 each for cash at a price of Rs 484 each and 4,83,057 fully Convertible Warrants (‘Warrants’), each carrying a right to subscribe to one Equity Share per Warrant, for cash at a price of Rs. 484 per warrant, on preferential basis to person belonging to Promoter and Promoter group. Pursuant to allotment of the Equity Shares, the paid-up share capital of the Company stands increased from Rs. 3,60,39,060, divided into 36,03,906 Equity shares of Rs. 10 each to Rs 4,15,39,060, divided into 41 ,53,906 Equity Shares of Rs 10, each. Also, the share holding of the Promoter and Promoter group of the Company stands increased from 23,56,980 Equity Shares (65.40%) to 29,06,980 (69.98%).The meeting of the Committee of Directors of the Company commenced at 01:00 PM and concluded at 01:30 PM. The company has informed that the Company has received in-principal approval through Letter No.DCS/PREF/SV/PRE/528/2019-20dated 17th February 2020.

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