BCL Industries has informed that subsequent to the stock split from Rs. 10/share to Rs. 1/share w.e.f. 27/10/2023 all warrant allottees are eligible to get the benefit of the corporate action taken by the Company at the time of conversion of warrants into equity shares thus making them eligible to get 10 equity shares allotted to them against conversion of each warrant they have subscribed. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), the company informed that the Board of Directors of the Company through resolution by circulation on 6th December, 2023 have considered and approved the allotment of 1,01,50,000 (One Crore One Lac Fifty Thousand) Equity shares of the face value of Rs1 each as fully paid-up shares at a price of Rs. 36 per equity share (including premium of Rs. 35/share), consequent upon the conversion of 10,15,000 (Ten Lac Fifteen Thousand only) Warrants issued earlier for Rs. 360, after adjusting the number of shares, paid.
The above information is a part of company’s filings submitted to BSE.