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Dynamic Cables informs about outcome of board meeting

21 Jun 2024 Evaluate
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Dynamic Cables has informed that the Board of Directors of the Company in their Meeting held today i.e., Friday, June 21, 2024 approved allotment of 22,15,319 ( Twenty Two Lakhs Fifteen Thousand Three Hundred and Nineteen) fully paid-up Equity Shares of the Company, having face value of Rs 10 (Rupees Ten Only) each at a price of Rs 436 (Rupees Four Hundred and Thirty Six only) per Equity Shares including a premium of Rs 426 (Rupees Four Hundred and Twenty Six only) per Equity Share by way of a preferential issue on a private placement basis ('Preferential Issue’) to the allottees given below as an Annexure A. Pursuant to the allotment of Equity Shares in the Preferential Issue, the paid-up equity share capital of the Company stands increased to Rs. 24,22,93,190/-consisting of Rs. 24,22,931/-Equity Shares as details enclosed. Further, Equity shares allotted on the preferential allotment basis shall rank pari passu with the existing equity shares of the Company in all respects. The Meeting of Board of Directors commenced at 10:30 AM (IST) and concluded at 11:30 AM (IST). The above information is also available on the Company's website at i.e. www.dynamiccables.co.in

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

Dynamic Cables Share Price

361.00 -9.40 (-2.54%)
24-Apr-2026 12:55 View Price Chart
Peers
Company Name CMP
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