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Agarwal Industrial Corporation informs about outcome of board meeting

09 Jun 2022 Evaluate

Agarwal Industrial Corporation has informed that the Board of Directors of the Company at its meeting held today i.e. June 09, 2022, has considered and approved allotment of 12,49,000 Equity Shares of face value of Rs 10 each to the Promoters' Group , upon exercise of conversion of 12,49,000 convertible warrants into equal number of Equity Shares at a price of Rs 105.20 per share (including premium of Rs 95.20 per equity share) on receipt of Rs 78.90 per warrant - being 75% of the balance warrant issue price of Rs 105.20 per warrant, which were allotted in terms of Shareholders' Special Resolution dated February 10, 2021 and pursuant to the Board Resolution dated April 09, 2021, in accordance with Chapter V (Preferential Issue) of SEBI ( ICDR) Regulations, 2015, as amended. The Board also considered, approved and took on record other items of the Agenda of the aforesaid Board Meeting.

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


Agarwal Indl. Corp Share Price

452.05 -6.35 (-1.39%)
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