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Shyamkamal Investments informs about outcome of board meeting

27 Feb 2025 Evaluate
Shyamkamal Investments has informed that the Board of Directors of the Company at its meeting held on Tuesday, 25th February 2025, has considered and approved the following businesses: Increase in Authorised Share Capital of the Company from INR 40,00,00,000 (Rupees Forty Crores Only) [Existing Authorized Share Capital] divided into 4,00,00,000 (Four Crores) Equity Shares of face value of INR 10 (Rupees Ten Only) each to INR 52,00,00,000 (Rupees Fifty-Two Crores Only) [New Authorized Share Capital] divided into 5,20,00,000 (Five Crores Twenty Lakhs) Equity Shares of face value of INR 10 (Rupees Ten Only) each by creating additional 1,20,00,000 (One Crore Twenty Lakhs) new equity shares of face value of INR 10 (Rupees Ten Only) each, ranking pari-passu in all respects with the existing equity shares of the company. Consequently, alteration in Capital Clause V of Memorandum of Association of the Company; Raising of funds by issuance of upto 3,68,65,000 (Three Crores Sixty-Eight Lakhs Sixty-Five Thousand) fully paid-up equity shares of the face value of INR 10/- (Indian Rupees Ten Only) each at a price of INR 10 (Indian Rupees Ten Only) at par per Equity Share, which is not less than the floor price determined in accordance with the Chapter V of the SEBI ICDR Regulations, aggregating upto INR 36,86,50,000 (Indian Rupees Thirty-Six Crores EightySix Lakhs Fifty Thousand Only), in one or more tranches, on preferential basis, to an identified investor, in accordance with the provisions of the Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations), applicable provisions of the Companies Act, 2013 and other laws and subject to approval of shareholders of the Company and other requisite statutory and regulatory approvals; Convening of an Extraordinary General Meeting (EGM ) of the shareholders of the Company on Wednesday, 26th March 2025, through video conferencing or other audio-visual means, for seeking necessary approval of the shareholders for the aforesaid matters (intimation relating to Notice of EGM will be informed separately).

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

Shyamkam Invts Share Price

13.09 0.00 (0.00%)
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