Kilburn Engineering board approves allotment of 15 lakh equity shares on conversion of warrants

1 Dec 2022 , 01:04 PM

Kilburn Engineering Ltd has informed to the exchanges regarding preferential allotment of securities on conversion of convertible warrants.

As per the filing, the ‘Share Allotment Committee’ have at their meeting held on November 29, 2022 accorded their consent to allot 15,00,000 equity Shares of Rs. 10/-(Rupees Ten) each of the Company at premium of Rs. 24/- ( Rupees Twenty Four only) per share, in dematerialised form, to the investors in promoter category, towards conversion of warrants allotted to them.

After conversion of warrants as aforesaid, the total equity shareholding of Promoter Group in the Company has increased from 54.89% to 56.78%, the company said.

At around 1:06 PM, Kilburn Engineering Ltd is currently trading at Rs78.50 per share down by Rs2.8 or 3.44% from its previous closing of Rs81.30 per share on the BSE.

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