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Gourmet Gateway India informs about outcome of board meeting

20 Feb 2025 Evaluate
Gourmet Gateway India has informed that the Board of Directors, in its meeting held today, Thursday, 20th February, 2025, approved the following matters: Allotment of Equity Shares on Conversion of Warrants. This communication is in reference to previous letters dated July 07, 2023, August 02, 2023, September 08, 2023 and September 16, 2023, whereby they have intimated the outcome of the board meeting in relation to the proposal for considering the preferential issue of warrants, outcome of the extraordinary general meeting of the shareholders; In-principle approvals received from the Stock Exchanges, BSE, Allotment of Warrants convertible into Equity Shares, on preferential basis. In compliance of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company at its meetings held today, 20th February, 2025 has allotted in aggregate 3,46,667 (Three Lakhs Forty Six Thousand Six Hundred Sixty Seven) fully paid up equity shares of face value of Rs.1 each of the Company to Yashna Family Trust (the Allottee) as per the details given below in Annexure-I, on a preferential issue basis, upon part conversion of Convertible Warrants into Equity Shares at a price of Rs 25 (Rupees Twenty Five only) per Equity Share (including a premium of Rs. 24 (Rupees Twenty Four) for each Convertible Warrant, based on their request and upon receipt in aggregate of Rs 6500006.25 by the Company from the Warrants Holders towards the balance 75% of the Issue Price.

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

Gourmet Gateway Share Price

11.65 0.53 (4.77%)
15-Apr-2026 12:48 View Price Chart
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