D. P. Abhushan informs about outcome of the board meeting

06 Jul 2024 Evaluate

D. P. Abhushan has informed that the Board of Directors of the Company, in their Board Meeting held today, July 05, 2024 at the corporate office situated at 19, Chandani Chowk, Ratlam – 457 001, Madhya Pradesh, which was commenced at 06:30 pm and concluded at 07:15 pm, has apart from other businesses, considered and approved; 1) Allotment of 356070 equity shares having face value Rupees 10.00 each, for cash, at a price of Rupees 1,182.00 per equity share (including a premium of Rupees 1,172.00 per equity share), aggregating to Rupees 42,08,74,740.00 by way of a preferential issue to the allottee 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 22,61,09,200.00 divided into 22610920 equity shares of face value of Rupees 10.00 each fully paid. Equity shares allotted on the preferential allotment basis shall rank with the existing equity shares of the Company in all respects. 2) Allotment of 217000 Fully Convertible Equity Warrants (‘Warrants’), at an issue price of Rupees 1,182.00 per warrant, in respect of which warrant subscription amounts of Rupees 297.00 per convertible warrant aggregating to Rupees 6,44,49,000.00 have been received. Each Warrants will be convertible into, or exchangeable for, 1 fully paid-up equity share of the Company of face value Rupees 10.00. Further, Warrants allotted above shall be as per the terms and conditions mentioned in the special resolution passed by the Shareholders of the Company.

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

D.P. Abhushan Share Price

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