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BCL Industries informs about allotment of equity shares

27 Feb 2024 Evaluate
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), BCL Industries has informed that the Board of Directors of the Company through resolution by circulation on 26th February, 2024 have considered and approved the allotment of 26,70,000 Equity shares of the face value of Rs 1 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 2,67,000 Warrants issued earlier for Rs 360, after adjusting the number of shares, paid-up capital per share and premium per share post sub-division of nominal value of the Equity Share of the Company from 1 Equity Share of Rs 10 each to 10 Equity Shares of Re 1 each out of the balance 26,48,334 (Twenty-Six’s Lacs Forty-Eight Thousand Three Hundred Thirty-Four) warrants on preferential basis, upon receipt of an amount aggregating to Rs 7,20,90,000 (Rupees Seven Crore Twenty Lacs Ninety Thousand only) at the rate of Rs 270 (Rupees Two Hundred Seventy Only) per warrant (being 75% of the issue price per warrant) from the allottees pursuant to the exercise of their rights of conversion into equity shares in accordance with the provisions of SEBI (ICDR) Regulations, 2018 and list of allottees along with name of warrant holders whose warrants are pending for conversion is enclosed as Annexure-I. Consequent to this conversion of warrants/allotment of Equity Shares, 23,81,334 warrants remain pending for conversion and these warrant holders are entitled to get their warrants converted into Equity Shares of the Company by paying remaining 75% i.e., Rs 270 per warrant within 18 months from the date of warrant allotment. Pursuant to present conversion, the Issued, Subscribed and Paid-up Equity Share Capital of the Company stands increased to Rs 27,23,50,000 consisting of 27,23,50,000 fully paid-up Equity Shares of Rs 1 each. The new equity shares so allotted, shall rank pari passu with the existing equity shares of the Company.

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

BCL Industries Share Price

33.44 0.59 (1.80%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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