Jai Balaji Industries has informed that the Board of Directors of the Company at its meeting held on Thursday, 15th December, 2022 which commenced at 10:00 am and concluded at 11:00 am, have, amongst other items of Agenda Considered and approved issue and allotment of up-to 2,20,00,000 (Two crores twenty lakhs) warrants ('warrants') of the Company at a price of Rs 45 (Rupees Forty Five only) per warrant with a right to the warrant holders to apply for and be allotted 1 (One) Equity Share of the face value of Rs 10 (Rupees Ten only) each of the Company ('Equity Shares') at a premium of Rs 35 per equity share for each warrant, for total amount up-to Rs.99,00,00,000 (Rupees Ninety nine Crores) within a period of 18 (Eighteen) months from the date of allotment of the warrant, to Hariaksh Industries, Keshrinandan Trade and Mahatejas Vinimay all forming part of Promoter group on preferential basis.
The above information is a part of company’s filings submitted to BSE.
