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Rajnish Wellness informs about raising of funds

10 Aug 2023 Evaluate
Rajnish Wellness has informed that meeting of the Board of Directors of the Company was held on 10th August 2023 at the registered office of the Company to consider and approve following business matters: Adoption of policy for determination of materiality of information or events of the Company, enclosed as Annexure A; Approval of Draft Letter of Offer (DLOF) for raising of funds through issuance and allotment of Equity Shares to the eligible equity shareholders of the Company on a Rights basis. The aforesaid Equity Shares shall be issued on such terms and at such price and ratio as may be decided by the Board at a later date, for an amount aggregating up to Rs 49,90,00,000 (Rupees Forty-Nine Crores Ninety Lakhs only), subject to receipt of In-principle approval from the exchange. The Draft Letter of Offer is in accordance with the applicable laws including the provisions of the Companies Act, 2013, Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and rules made there under, as amended from time to time. The Meeting commenced at 2.30 PM and concluded at 3.15 PM.

The above information is a part of company’s filings submitted to BSE.

Rajnish Wellness Share Price

0.53 0.00 (0.00%)
17-Apr-2026 16:59 View Price Chart
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