Kilburn Engineering board to allot 17 lakh equity shares on conversion of warrants

30 Mar 2022 , 11:24 AM

Kilburn Engineering Limited has informed that at the meeting held on March 29, 2022, the board has agreed to allot 17 lakh equity shares of Rs10 each of the company at a premium of Rs24/- in dematerialised form to Firstview Trading Private Limited, in promoter category towards conversion of warrants allotted  to them. 

Further, after conversion of warrants as aforesaid, the shareholding of Firstview Trading Private Limited in the company has increased from 25.15% to 28.86%.

At around 11:23 AM, Kilburn Engineering was trading at Rs50.50 apiece down by Rs0.2 or 0.39% on the BSE.