By: ICN Bureau
Last updated : September 21, 2021 7:45 am
he board approved issue of 85,360 Equity Warrants convertible into Equity shares of face value Rs. 10/- per share.
The Board of Directors of The Sukhjit Starch and Chemicals Ltd has discussed, deliberated, taken on record and approved the issuance of 8,15,000 Equity Warrants convertible into Equity shares of face value Rs. 10/- per share to Promoters & Promoter Group of the Company on a preferential basis (Preferential Issue) in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI lCDR Regulations"), as amended, and other applicable laws, at a price of Rs. 300/- per Equity Warrant, subject to the approval of regulatory/ statutory authorities and the shareholders of the Company at the forthcoming Extra Ordinary General Meeting.
The board approved issue of 85,360 Equity Warrants convertible into Equity shares of face value Rs. 10/- per share to the Non-promoters / Public Category of the company, on a preferential basis (Preferential Issue) in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI ICDR Regulations"), as amended, and other applicable laws, at a price of Rs. 300/- per Equity Share, subject to the approval of regulatory / statutory authorities and the shareholders of the Company at the forthcoming Extra Ordinary General Meeting.
The board also approved increase of the Authorized Share Capital of the Company from the existing Rs. 15,00,00,000/- divided into 1,50,00,000 Equity Shares of Rs. 10/- each to Rs. 20,00,00,000/- divided into 2,00,00,000/- Equity Shares of Rs. 10/- each and alter the capital clause of the Memorandum of Association of the Company accordingly, both subject to the approval of the shareholders of the ompany at the forthcoming Extra Ordinary General Meeting.