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Shoora Designs informs about allotment of equity shares

15 Mar 2025 Evaluate
With refer to communique dated September 25, 2024, with regards to allotment of warrants, in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Shoora Designs has informed that the Board of Directors of the Company in their meeting held today i.e. Saturday, March 15, 2025, considered and approved the allotment of equity shares on conversion of 31,25,000 warrants into 31,25,000 equity shares at an issue price of Rs. 53/- each (including a premium of Rs 43 each), to ‘Promoters and Promoters group’ and ‘Non-Promoters/Public Category’, on preferential basis, pursuant to the exercise of their rights of conversion into equity shares in accordance with the provisions of SEBI (ICDR) Regulations, 2018 and list of allottees is enclosed as Annexure-A. The allotment has been made for cash, upon the receipt of the remaining exercise price of Rs 39.75 per warrant (being an equivalent amount to 75% of the Warrant exercise price of Rs 53 per warrant) aggregating to Rs 12,42,18,750 (Rupees Twelve Crore Forty-Two Lakhs Eighteen Thousand Seven Hundred Fifty Only). Consequent to the said allotment, the issued, Subscribed and paid-up Equity Share Capital of the Company stands increased to Rs 4,62,36,620 (divided into 46,23,662 equity Shares of Face value of Rs 10 each). The new equity shares so allotted, shall rank pari-passu with the existing equity shares of the Company. In this regard, the details pursuant to Schedule III Part A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is enclosed as Annexure-I. The meeting of the Board of Directors commenced at 10:30 AM and concluded at 13:45 PM. 

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

Shoora Designs Share Price

48.90 0.05 (0.10%)
11-May-2026 10:52 View Price Chart
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