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Adinath Exim Resources informs about outcome of board meeting

03 Jun 2025 Evaluate
Adinath Exim Resources has informed that the Board of Directors has, at its meeting held on Tuesday, June 3, 2025, has considered and approved the allotment of 8,85,000 Equity Shares, for cash, at an issue price of ? 57 per shares including premium of ? 47, aggregating to ? 5,04,45,000  (Rupees Five Crore Four Lakhs Forty Five Thousand Only)on preferential basis. The allotment has been undertaken in accordance with the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and other applicable rules / regulations / guidelines, if any, prescribed by any other regulatory or statutory authorities. The newly issued and allotted Equity Shares shall rank pari-passu, in all respects with existing Equity Shares of the Company. Consequent to above mentioned allotment, the issued, subscribed and paid-up equity share capital of the Company stands increased to ? 5,85,36,000 divided into 58,53,600 equity shares of face value ? 10/- each The application for listing and trading approval of the Stock Exchange for the newly Equity Shares allotted as above will be made in due course of time. The disclosure as required under Regulation 30 of the Listing Regulations read with SEBI Circular on Continuous Disclosure (SEBI Circular SEBI/HO/CFD/CFDPoD1/ P/CIR/2023/123 dated July 13, 2023), regarding the issue of equity shares on a preferential basis is enclosed as Annexure-I.

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

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