IEL has informed that pursuant to the finalization of the basis of allotment of the Rights Issue as approved by BSE, the designated stock exchange for the Rights Issue, on March 04, 2025, the Rights Issue Committee at its meeting held on March 05, 2025 has, considered and approved the allotment of 9,70,16,156 Rights Equity Shares fully paid up of face value of Re. 1 at an issue price of Rs 4.45 per Rights Equity Share for total consideration of Rs. 43,17,21,894.20 to the eligible allottees in the Issue. Consequent to the above allotment, the Paid-Up Equity Share Capital of the Company increased as enclosed.
The above information is a part of company’s filings submitted to BSE.
