Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations'), Shankara Building Products has informed that a meeting of the Board of Directors of the Company was held today May 7, 2022 allotted the 14, 00,000 Warrants convertible into equal number of Equity Shares of Rs 10 each of the Company to APL Apollo Mart (wholly owned subsidiary of Apl Apollo Tubes) on preferential basis upon receipt of 25% of issue price from the allottee in accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.The above warrants entitle the allottee to apply for and be allotted equal number of equity shares for each warrant held by them on payment of balance 75% of the issue price within 18 months from the date of issue of these warrants. The meeting of Board of Directors commenced at 11.00 am and concluded at 11.20 am
The above information is a part of company’s filings submitted to BSE.
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|---|---|
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| PN Gadgil Jewellers | 669.85 |
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