In furtherance of Rights Issue of the Company, Bhandari Hosiery Exports has informed that in terms of the Letter of Offer dated June 12, 2024 and in accordance with the Basis of Allotment finalized in consultation with BSE (Designated Stock Exchange), and the Registrar to the Issue, the Rights Issue Committee of the Company has, at its meeting held on today, i.e., on August 3, 2024 approved the allotment of 7,66,11,591 Equity Shares of face value of Re 1 each at a price of Rs 6.26 per Equity Share including a share premium of Rs 5.26 per Equity Share as per the Basis of Allotment finalized. The Company shall initiate the process of Listing of the shares allotted under the Right issue in due course. With this allotment, the paid up Equity Share Capital of the Company stands increased to Rs 24,00,49,652. The Rights Issue Committee meeting commenced at 11:00 AM and concluded at 11:45 AM.
The above information is a part of company’s filings submitted to BSE.
