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Commercial Syn Bags informs about outcome of board meeting

26 Mar 2022 Evaluate

With reference to letter No: COMSYN/BSE/2021-22 dated 23rd March, 2022 for notice under Regulation 29(1)(a) of SEBI (LODR) Regulations, 2015 read with Regulation 30 of SEBI (LODR) Regulations, 2015 and Schedule III of the said Regulations, by which it was informed that a meeting No. 11/2021-22 of the Board of Directors of the Company is to be held on Saturday 26th March, 2022 at 12:15 PM; Commercial Syn Bags has informed that the Board of Directors at the aforesaid Board meeting have decided and approved the following businesses; Allotment of 5,85,000 Equity shares of Re 10 each at a premium of Rs 120 per share to promoters and promoters group (Warrant Holders) after receipt of balance amount due on 5,85,000 warrants aggregating Rs 5,70,37,500 against the option exercise by her for convertible warrants issued on 15th, October, 2021 on preferential basis.

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

Commercial Synbags Share Price

162.15 -1.75 (-1.07%)
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