Panchsheel Organics approves preferential issue

Market Times - market news
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The Board of Directors of Panchsheel Organics Ltd at its meeting held today i.e. Monday, 2nd May, 2022, have approved the issue of upto 17,51,510 equity shares of the Company having face value of 10/- each (“Equity Shares”), proposed to be issued at Rs. 170.20/- each (including premium of Rs. 160.20/- per Equity Shares) on a preferential basis (“Preferential Issue”).

The board also approved issue of upto 12,00,000 Warrants Convertible into Equity Shares having face value of Re. 10/- each proposed to be issued at Rs. 170.20/- each (including premium of Rs. 160.20/- per Equity Shares) on a preferential basis (“Preferential Issue”).