Mitsu Chem Plast has informed that the Rights Issue of the Company, vide Letter of Offer filed with the Stock Exchange on February 13, 2024, the in-principal Approval of BSE Limited (BSE) vide letter dated December 18, 2023, call notice dated April 11, 2024. With reference to above, Right Issue and allotment Committee of the Board has considered and approved the following: 1. To convert 14,85,953 partly paid-up Rights equity shares from Face Value (? 5 per share to Fully Paid-up shares of Face Value ? 10 per share) to the eligible shareholders of the Company pursuant to the payment made with respect to the First and Final Call Notice issued by the Company; 2. To make an application to National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) for necessary corporate actions. 3. To avail listing and trading of approvals from BSE pursuant to conversion of partly paid-up shares of Face Value (? 5 per share to Fully Paid-up shares of Face Value ? 10 per share). The 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.
