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Kiduja India informs about outcome of board meeting

16 Mar 2024 Evaluate
Pursuant to the approval of the Board of Directors at its meeting held on 16th November 2023 and approval of the members of the Company at their Extra-Ordinary General Meeting held on 16th December 2023 and pursuant to In-principle approval granted by BSE vide their dated 13th March 2024 and upon receipt of an amount aggregating to Rs 1,71,25,000 at the rate of Rs 100 per warrant (being 25% of the issue price per warrant) as warrant subscription price, Kiduja India has informed that the Board of Directors of the Company, has considered and approved the Allotment of 6,85,000 warrants on preferential basis, to Ashish D. Jaipuria, Ujjval A. Jaipuria and Kushal A. Jaipuria (‘Allottees’) (as per the list enclosed marked as Annexure I). Each of the Warrant, so allotted, is convertible into or exchangeable for one fully paid-up equity share of face value of Re 10/- 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 (being 75% of the issue price per warrant) from the Allottees at the time of allotment of equity shares pursuant to exercise of conversion option against each such warrant. The Board meeting commenced at 11:00 am and concluded at 11:30 am.

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

Kiduja India Share Price

15.96 -0.79 (-4.72%)
20-Apr-2026 16:59 View Price Chart
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