Bhagiradha Chemicals & Industries has informed that pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a meeting of the board of directors of Bhagiradha Chemicals and Industries is scheduled to be held on Friday, November 17, 2023 to consider and approve, apart from the other items as per the agenda, the allotment of up to 25,61,425 Convertible Warrants of Rs 10 each at an issue price of Rs 1332 per warrant convertible into, or exchangeable for, one equity share of Rs 10 each of the Company within the period of 18 months in accordance with the applicable laws to the persons belonging to promoter, promoter group and non-promoter category on preferential basis, on receipt of an amount equivalent to 25% of the Warrant Issue Price.
The above information is a part of company’s filings submitted to BSE.
