Pritika Auto Industries has informed that the Board of Directors of the Company in their meeting held on today, Thursday, 16th March, 2023, considered and approved, pursuant to the members’ approval obtained in their Extra-ordinary General Meeting duly held on 1st March, 2023 by means of passing a Special Resolution and ‘In-Principal Approval’ obtained from the Stock Exchanges where securities of the Company are listed National Stock Exchange of India (NSE) and BSE, allotment of 75,00,000 (Seventy Five Lakh Only) fully Convertible Warrants (‘Warrants’) to the persons belonging to non-promoter, public category, each carrying a right to subscribe to one equity share per Warrant, for cash, of Face Value of 22 (Rs. Two Only) each, at an issue price of Rs 19 (Rupees Nineteen only) per Warrant, on preferential basis, after receipt of subscription amount being 25% of the issue price in accordance with provisions of Chapter V of SEBI ICDR Regulations, to the below mentioned persons (Allottees).
The above information is a part of company’s filings submitted to BSE.
