Agarwal Industrial Corporation Limited - Outcome of Board Meeting

6 Oct 2022 , 12:00 AM

Agarwal Industrial Corporation Limited has informed the Exchange about Board Meeting held on 06-Oct-2022 have 1. Considered and approved allotment of 5,00,000 Equity Shares of face value of Rs. 10/- each to the Promoters??? Group , upon exercise of conversion of 5,00,000 convertible warrants into equal number of Equity Shares at a price of Rs. 105.20/- per share (including premium of Rs.95.20 /- per equity share) on receipt of Rs. 78.90 per warrant – being 75% of the balance warrant issue price of Rs 105.20 per warrant, which were allotted in terms of Shareholders??? Special Resolution dated February 10, 2021 and pursuant to the Board Resolution dated April 09, 2021 , in accordance with Chapter V (Preferential Issue) of SEBI ( ICDR) Regulations, 2015, as amended.