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Jubilant Industries informs about allotment of shares

05 Sep 2024 Evaluate
In accordance with the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), and in furtherance of our earlier communication dated September 04, 2024, regarding the filing of E-Form INC-28 with the Registrar of Companies concerning Amalgamation-1 of the Composite Scheme, Jubilant Industries has informed that the Board of Directors of Jubilant Industries (JIL/ the Company), in its Meeting held today, i.e., September 05, 2024, has allotted 1,05,52,342 (One Crore Five Lakh Fifty-Two Thousand Three Hundred Forty Two) equity shares of INR 10 each to the shareholders of the Amalgamating Companies whose names appear in the Register of Members of the Amalgamating Companies as of the Effective Date, i.e., September 04, 2024, which has been considered as the Record Date for determining the list of eligible shareholders of the Amalgamating Companies for the allotment of equity shares of the Company, as per the Composite Scheme. Also, upon the effectiveness of the Amalgamation-1 of the Composite Scheme, 1,05,52,342 (One Crore Five Lakh Fifty-Two Thousand Three Hundred Forty-Two) equity shares of INR 10 each held by the Amalgamating Companies in JIL stands cancelled. Hence, consequent to the cancellation of shares and simultaneous and concurrent allotment of the new shares pursuant to the Composite Scheme, the paid-up capital of the Company shall remain the same. Furthermore, the Company is in the process of applying for the listing of these aforesaid equity shares with the stock exchanges, i.e., NSE and BSE. The Board Meeting commenced at 02:00 PM and concluded at 02:30 PM.

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

Jubilant Inds. Share Price

1626.00 0.00 (0.00%)
25-Oct-2024 15:22 View Price Chart
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