Sanghi Industries has informed that pursuant to approval of shareholders on 2nd June, 2024 regarding the issuance of up to Rs 2200 Crore 8% Non-convertible Cumulative Redeemable Preference Shares (RPS) and in furtherance to the disclosure dated 4th July, 2024, regarding the allotment of Rs 500 Crore RPS, the Finance Committee of the Board of Directors of the Company at its meeting held today (i.e. 5th July, 2024) has approved further allotment of 50,00,00,000 8% Non-convertible Cumulative Redeemable Preference Shares (RPS) of face value of Rs 10 (Rupees Ten Only) each at par aggregating to Rs 500,00,00,000 (Rupees Five Hundred Crore Only) on private placement basis to Ambuja Cements (Holding Company). This intimation will also be uploaded on the Company’s website at www.sanghicement.com.
The above information is a part of company’s filings submitted to BSE.
