SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

GG Engineering informs about outcome of board meeting

14 Dec 2023 Evaluate
Pursuant to the members’ approval obtained at the 17th Annual General Meeting held on September 29, 2023 by means of passing a Special Resolution and ‘In-Principal Approval’ obtained from the Stock Exchange, GG Engineering has informed that the Board of Directors of the Company in their meeting held on today i.e. Thursday, December 14, 2023, considered and approved, allotment of 75,00,00,000 (Seventy Five Crores only) fully Convertible Warrants ('Warrants'), carrying a right exercisable by the Warrant holder to subscribe to one Equity Share per Warrant, to persons belonging to ‘Promoter and Non-Promoter, Public Category’ on preferential basis at an issue price of Rs 1.32 (Rupees One and Thirty-Two Paisa Only) per Warrant, after receipt of stipulated amount i.e. 25% of the Issue Price as subscription amount in accordance with provisions of Chapter V of SEBI ICDR Regulations, to the persons (Allottees) as detailed in Annexure I. Each of the Warrant, so allotted, is convertible into or exchangeable for one fully paid-up equity share having a face value of Re 1 (Rupee One only) of the Company in accordance with the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, on payment of the balance consideration i.e. 75% of the Warrant Issue Price from the Allottees within 18 months from the date of allotment of these warrants. Further, warrants holders shall be entitled to any corporate action such as issuance of bonus shares, right issue, split or consolidation of shares etc. announced by the Company. These warrants allotted on preferential basis shall be locked-in for specified period in accordance with the provisions of Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The Board Meeting commenced at 10:15 AM and concluded at 11:10 AM.

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

GG Engineering Share Price

0.56 0.01 (1.82%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Havells India 1305.85
Siemens 3706.55
Apar Inds 11474.15
ABB India 7029.95
Waaree Energies 3471.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×