INFLAME APPLIANCES LTD - Board Meeting Outcome for Outcome Of The Board Meeting Held On July 09, 2022, In Terms Of Second Proviso To Regulation 30(6) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.

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Inflame Appliances Ltd - Board Meeting Outcome for Outcome Of The Board Meeting Held On July 09, 2022, In Terms Of Second Proviso To Regulation 30(6) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.

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09 Jul 2022
Pursuant to the approval of the Shareholders by way of Postal ballot dated June 29 2022, and pursuant to the receipt of the application money, we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. July 09, 2022 has inter-alia; 1. Considered and Allotted 6,61,000 Equity Shares of face value of Rs. 10/- each, for cash, at a price of Rs. 382/- per Equity Share (including a share premium of Rs. 372 per Equity Share) aggregating to Rs. 25,25,02,000/- on preferential basis to Non-Promoters/Public; Consequently, the issued, subscribed and paid-up equity share capital of the Company stands increased to Rs. 7,31,10,000/- (divided into 73,11,000 equity shares of face value of Rs. 10/- each) from Rs. 6,65,00,000/- divided into 66,50,000 equity shares of face value of Rs. 10/- each). Equity shares allotted on the preferential basis shall rank pari-passu with the existing equity shares of the Company in all respects.
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