Bodal Chemicals has informed the Exchange about the meeting of the Board of Directors that was held on 12th day of December 2022 as per notice of the meeting at the corporate office of the company through Audio Visual Means. Pursuant to Scheme of Amalgamation of SPS Processors (Subsidiary of the Company) with Bodal Chemicals sanctioned by the Hon’ble National Company Law Tribunal, Ahmedabad Bench on 2nd November, 2022 (effective from 9th November, 2022), the Board of Directors of the Company by passing resolution today allotted 29,70,700 equity shares of the Company to the shareholders of SPS Processors (other than the Company) viz. Vijayant Mittal, Sonica Jain and Avinash Kumar Jain. Accordingly, issued, subscribed and paid-up equity share capital of the Company has increased from 12,26,52,765 equity shares of Re 2 each to 12,56,23,465 equity shares of Re 2 each. Further details enclosed.
The above information is a part of company’s filings submitted to BSE.