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Ecoboard Industries informs about outcome of board meeting

10 Apr 2025 Evaluate
Ecoboard Industries has informed that the Board of Directors (the Board) of the Company has passed the resolution by circulation, today, Wednesday, April 9, 2025, has, made: Allotment of 51,33,323 (Fifty One Lakh Thirty Three Thousand Three Hundred and Twenty Three) equity shares of face value of Rs. 10 each at a price of Rs.30 (Seven Thirty Only) per equity share including a premium of Rs.20 (Rupees Twenty only) aggregating to Rs.15,39,99,690 (Rupees Fifteen Crore Thirty Nine Lakh Ninety Nine Thousand Six Hundred and Ninety Only) to the persons belonging to public category; and allotment of 59,48,000 (Fifty Nine Lakh Forty Eight Thousand) warrants, each carrying a right to subscribe to 1 (one) equity share at an exercise price of Rs 30 (Rupees Thirty Only) per equity share including a premium of Rs.20/- (Rupees Twenty only) aggregating to Rs 17,84,40,000 (Rupees Seventeen Crore Eighty Four Lakh Forty Thousand Only) upon receipt of 25% of issue price aggregating to Rs 4,46,10,000 (Rupees Four Crore Forty Six Lakh Ten Thousand only), to the persons belonging to public category. Disclosures pursuant to the Regulation 30 of the SEBI (LODR) Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is attached as Annexure A along with list of allottees in Annexure I. The above said allotments have been made in accordance with the approval of the shareholders through special resolutions dated January 31, 2025, and in compliance with the applicable provisions of the Companies Act, 2013 and SEBI (ICDR), 2018 Regulations. The Board resolution has set to have been passed at 11:00 PM.

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



Ecoboard Inds Share Price

69.30 1.17 (1.72%)
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