Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations) and under Regulation 30 of the Listing Regulations in relation to the meeting of the Board of Directors, Abate As Industries has informed that in terms of special Resolution passed by the Members of the Company at the Extra Ordinary General Meeting (EOGM) held on February 05, 2025 and in accordance with the In-principle Approval vide BSE Letter No. LOD/PREF/AM/FIP/1854/2024-25 dated February 24, 2025, granted by the BSE on February 24, 2025, the Board of Directors of the Company at their meeting held today i.e. Tuesday, February 25, 2025 has approved the allotment of 7,37,87,128 equity shares at an issue price of ?22.28 through swap of shares on preferential basis in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018 (SEBI ICDR Regulations) to the allottee.
The above information is a part of company’s filings submitted to BSE.
