Greenlam Inds board nod preferential problem of shares

Greenlam Inds board nod preferential problem of shares

by admin- Monday, June 20th, 2022 04:01:03 PM

Greenlam Industries at its board meeting held on June 20, 2022, permitted issuance of as much as 63,10,680 fairness stocks having face price of Re. 1 every of the Company to Smiti Holding and Trading Company Pvt Ltd, a certified institutional purchaser underneath Regulation 2(1)(ss) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended on a preferential basis, at a fee of Rs. 309/- consistent with equity percentage aggregating to Rs. 1.95 Crore, difficulty to the approval of regulatory/ statutory authorities and the shareholders of the Company at the Extra-Ordinary General Meeting.

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