NACL Industries informs about preferential issue of warrants

12 Mar 2025 Evaluate
In furtherance of the issue of Equity Shares and Warrants convertible into Equity on a Preferential Basis, as approved by the Shareholders through Special Resolutions at the Extraordinary General Meeting held on January 9, 2025, and pursuant to the in-principle approval granted by BSE and NSE (vide letter no. LOD/PREF/PR/FIP/1863/2024-25 and NSE/LIST/46068 dated February 25, 2025), NACL Industries Limited has informed that the proposed allottee, K. Lakshmi Raju, falling under the Promoter Group category, has expressed her inability to subscribe to the 68,96,550 Warrants proposed to be allotted on a preferential basis due to unanticipated circumstances. Accordingly, the total size of the preferential issue has been reduced from the aggregate of 17,24,137 equity shares of face value Re 1 each and 68,96,550 warrants convertible into equity shares of face value Re 1 each to 17,24,137 equity shares of face value Re 1 each only.  

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

NACL Industries Share Price

92.33 12.68 (15.92%)
13-Mar-2025 16:59 View Price Chart
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