TCI Industries has informed the esteemed exchange that pursuant to the Members approval accorded through Postal Ballot on April 07, 2020, the Share Allotment Committee of the Board of Directors of the Company at its meeting held today February 26, 2021 has issued and allotted 1250, nos. of 0% Non-Convertible Redeemable Preference Shares (NCRPS) of Face Value of Rs 100 each at a premium of Rs 300 each to Bhoruka Capital an entity belonging to the Promoter and Promoter Group of the Company for cash. The Terms & Conditions of NCRPS, as approved by the Members of the Company as details are enclosed.
The above information is a part of company’s filings submitted to BSE.
