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DMR Hydroengineering & Infrastructures informs about outcome of board meeting

10 Dec 2024 Evaluate

Pursuant to Regulation 30 and other applicable provisions, if any, of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulation’), DMR Hydroengineering & Infrastructures has informed that the Board of Directors of the Company at its meeting held on December 09, 2024 have considered and approved, the following matters: 1. Pursuant to the finalisation of the basis of allotment for the Rights Issue, approved by the designated stock exchange, BSE on December 9, 2024, the Board of Directors at its meeting, approved the allotment of 1,89,685 fully paid-up equity shares of the Company bearing distinctive numbers from 37,93,700 to 39,83,385 having a face value of Rs.10/- each in dematerialised form for cash at an issue price of Rs. 140/- per equity share, i.e. at a premium of Rs. 130/- per equity share, to the respective eligible equity shareholders of the Company and / or renouncee(s) in terms of the letter of offer dated October 15, 2024. 2. Approved the strategic investment in DM Gates and Penstocks (‘DM Gates and Penstocks’) by subscribing to the equity shares equivalent to 60% of the issued and paid-up share capital of DM Gates and Penstocks by on or before January 31, 2025. The relevant details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular dated November 11, 2024 are annexed and marked as Annexure-1. The Board meeting commenced at 9.05 pm and concluded at 10.30 pm.

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

DMR Engineering Share Price

37.24 1.24 (3.44%)
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