Further to the previous intimations by the Company with respect to Right Issue of the Company and in accordance with the Letter of Offer dated Monday, 6th May, 2024 and pursuant to finalization of the Basis of Allotment of the Rights Issue in consultation with the designated stock exchange, BSE and Registrar to the Issue, Banas Finance has informed that the Board of Directors of the Company, at its meeting held today, Wednesday, June 05, 2024 has approved the allotment of 4,15,31,441 Fully paid-up Equity Shares of face value of Re 10.00/- per Equity Share at price of Rs 10.00/- per Right Share) to the eligible applicants. Subsequent to the said allotment, the issued, subscribed, and paid-up equity share capital of the Company stands increased from Rs 48,04,62,320.00/- divided into 4,80,46,232 Equity Shares to Rs 89,57,76,730.00/- divided into 8,95,77,673 Equity Shares of face value of Rs 10.00/-. The meeting of the Board of Directors commenced at 2.00 am and concluded at 2.50 pm.
The above information is a part of company’s filings submitted to BSE.
