The Board of Directors of Khandwala Securities Limited at its meeting held today, i.e. on Tuesday, May 03, 2022 at the Registered Office of the Company, considered and approved the issuance of upto maximum 44,00,000 equity shares of face value Rs. 10/- each
On a preferential basis to investors not a part of the promoter and promoter group of the Company, at an issue price of Rs. 25/- per share, aggregating to Rs. 11,00,00,000/- , subject to the approval of the Members of the Company and such other regulatory authority as may be applicable.
The board also approved increasing the existing Authorised Equity Share Capital of the Company from the total aggregate amount of Rs. 14,00,00,000/- divided into 1,40,00,000 equity shares of Rs. 10/- each to Rs. 17,00,00,000/- divided into 1,70,00,000 equity shares of Rs. 10/- each, subject to the approval of the Members of the Company.