Kallam Textiles has informed that in terms of the Letter of Offer dated May 27, 2022 and in accordance with the Basis of Allotment finalized in consultation with BSE (Designated Stock Exchange}, the Lead Manager to the Issue and the Registrar to the Issue, the Rights Issue Committee duly authorized by the Board of Directors of the Company has, at its meeting held on today, July 15, 2022, approved the allotment of 99,91,187 Rights Equity Shares of face value of Rs 2 for cash at a price of Rs 10 (including premium of Rs 8) (Allotment) Consequent to the said allotment, the paid-up equity share capital of the Company stands increased from Rs 8,56,38,750 (consisting of 4,28,19,375 Equity Shares of Rs 2 each) to 210,56,21,124 (consisting of 5,28,10,562 Equity Shares of Rs 2 each).
The above information is a part of company’s filings submitted to BSE.
