Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, Tirupati Starch & Chemicals has informed that the Board of Directors of the Company in the Board meeting held at shorter notice on 17 December 2022 at the registered office of the Company have allotted 10,90,800 Equity Shares on preferential basis having a face value of Rs 10 each at a price of Rs 34.61 per share, aggregating to Rs 3,77,52,588 to the allottees, which are attached. Post the allotment of equity shares, the issued, subscribed and paid-up equity share capital of the Company has increased from Rs 7,00,07,670 to Rs 8,09,15,670. The equity shares allotted shall rank with the existing equity shares of the Company in all respects and will be listed on BSE. Details pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015, has been annexed as Annexure I. The meeting of Board of Directors commenced at 11:30 am and concluded at 12:30 Noon.
The above information is a part of company’s filings submitted to BSE.
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