Tilaknagar Industries has informed that the Board of Directors of the Company vide circular resolution passed on June 16, 2023 has considered and approved the allotment of 17,92,453 Equity Shares of face value Rs 10 each for cash at a price of Rs 53 per equity share (including a premium of Rs 43 per equity share) for an amount aggregating to Rs 9,50,00,009 (25% of subscription amount received at the time of allotment of warrants and balance 75% received upon exercise of option to convert warrants) to M L Dahanukar & Co., Investor (Promoter Group) consequent upon conversion of 17,92,453 warrants of Rs 53 per warrant (including a premium of Rs 43 per warrant) into equity shares and upon receipt of full subscription amount.
The above information is a part of company’s filings submitted to BSE.
