Board of Mangalam Cement allots 803 lakh equity shares under scheme of amalgamation

18 Jan 2022 , 01:32 AM

The Board of Mangalam Cement at its meeting held on 14 January 2022 has approved the allotment of 803518 fully paid-up equity shares of Mangalam Cement MCL or Company of face value 10 each to eligible share holders of Mangalam Timber Products MTPL as on the record date of January 06 2022 in the share exchange ratio of 1 22 as provided in the Scheme of Amalgamation as approved by Hon ble National Company Law Tribunal NCLT Jaipur Bench vide order dated 03 November 2021 Further 8814 fully paid-up equity shares of MCL included within the aforementioned 803518 fully paid-up equity shares are allotted to Manoj Kumar Company Secretary of the Company towards fractional entitlements of shareholders of MTPL for the benefit of shareholders of MTPL during the process of allotment of shares as per Share Exchange Ratio as provided in the Scheme of Amalgamation On allotment the equity share capital of the Company stands increased to 27497298 equity shares of Rs 10 each aggregating to Rs 27497298 0