ZUARI AGRO CHEMICALS LTD. - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
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| 16 Jun 2022 | |
| Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that Zuari Farmhub Limited ("Subsidiary"), a wholly owned subsidiary of Zuari Agro Chemicals Limited ("the Company") has allotted 78,55,60,000 (Seventy Eight Crores Fifty-Five Lakhs and Sixty Thousand) equity shares of INR 10/- (Indian Rupees Ten) each to the Company on 15th June, 2022, due to conversion of 7,85,560 (Seven Lakhs Eighty-Five Thousand Five Hundred and Sixty) unsecured Compulsorily Convertible Debentures ("CCD") of face value of INR 10,000 held by the Company in the Subsidiary. The CCDs were converted at the conversion rate of 1000 equity shares for every one CCD determined on the basis of the valuation report. Further, pursuant to the aforesaid conversion of CCDs into equity shares there has been no change in the shareholding pattern of the Subsidiary and the Subsidiary continues to be a wholly owned subsidiary of the Company. | |
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