Shish Industries has informed that the Board of Directors of the Company, in their Board Meeting held on today, on May 7, 2024, at the Registered Office of the Company which was commenced at 02:00 pm and concluded at 02:30 pm, has apart from other business, considered and approved, allotment of 566520 equity shares of face value Rupees 10.00 each, for cash, at a price of Rupees 120.05 per equity share (including a premium of Rupees 110.05 per equity share), aggregating to Rupees 6,80,10,726.00 by way of a preferential issue to the allottees as approved by the Members of the Company. Consequent to above mentioned allotment, the issued, subscribed and paid-up equity share capital of the Company stands increased to Rupees 35,57,36,690.00 divided into 35573669 equity shares of face value Rupees 10.00 each from Rupees 35,00,71,490.00 divided into 35007149 equity shares of face value Rupees 10.00 each. Equity shares allotted on the preferential allotment basis shall rank with the existing equity shares of the Company in all respects.
The above information is a part of company’s filings submitted to BSE.