Sandhar Technologies Limited - Updates

11 Jan 2022 , 12:00 AM

Sandhar Technologies Limited has informed the Exchange regarding This is further to our letter dated 3rd November, 2021 intimating the allotment of Equity Share in the Sandhar Amkin Industries Private Limited ( SAIPL ) SAIPL is a JV Company established pursuant to Joint Venture (JV) Agreement dated 4th September 2017, between Sandhar Technologies Limited ( STL ) and Amkin Group Private Limited ( AGPL). We are pleased to further inform that STL has infused additional fund of Rs. 3,00,00,000/- (Rupees Three Crore only) in SAIPL and has been allotted 30,00,000 Equity shares of the SAIPL on Right Basis at a price of Rs. 10/- each on January 10th , 2022. Subsequent to the above mentioned conversion, the Shareholding of STL in SAIPL stands increased as mentioned hereunder: Sr. No. Shareholding Pattern % of Shareholding 1 Sandhar Technologies Limited 72.68 2 Amkin Group Private Limited 27.32 .