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SYSCHEM (INDIA) LTD. - Board Meeting Outcome for Outcome Of Board Meeting -Allotment Of 17,50,000 Fully Paid-Up Equity Shares Of Rs. 10/- Each, Upon Conversion Of The Equivalent Number Of Warrants
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13 Apr 2022
We refer to our intimation dated September 10, 2021, wherein we had informed that in terms of approval of the shareholders granted at the Annual General Meeting held on August 28, 2021, Company had allotted 31,00,000 fully convertible warrants (&apos;Warrants&apos;) at issue price of Rs. 10/- each warrant, on receipt of subscription money@ 25% of the issue price on preferential basis, to Mr. Ranjan Jain, Promoter and Ms. Chhaya Rani, Non-promoter. In this regard, we wish to inform the exchange that in terms of issue of Warrants, the above said allottees have exercised the option of conversion of their respective warrant(s), after payment of balance amount of 75% of the subscription money on said Warrants to the company. The Company has allotted 1750000 number of equity shares pursuant to conversion warrants to Mr. Ranjan Jain and Ms. Chhaya Rani.
View all announcements for SYSCHEM (INDIA) LTD. Source: BSE India