Board allots 15,30,000 equity shares to promoters on preferential basis
Board approved allotment of 15,30,000 equity shares to promoters Shri Sanjay Kumar Agrawal and Smt. Rashmi Agrawal on a preferential basis, for cash.
By ScoutQuest · · 1 min read
- Shares Allotted
- 15,30,000 equity shares to promoters on preferential basis
- Issue Price
- Rs. 45.65 per share (face value Rs. 10 + premium Rs. 35.65)
- Total Amount / Paid-up Capital
- Total Rs. 6.98 crore; paid-up equity share capital now ₹ 30.73 crore
What the Board approved
The Board of Directors, at its meeting held on Tuesday, October 13, 2026, approved the allotment of 15,30,000 fully paid-up equity shares of face value Rs. 10 each to promoters Shri Sanjay Kumar Agrawal and Smt. Rashmi Agrawal, on a preferential basis, for cash.
Price and amount
- Issue price: Rs. 45.65 per equity share
- This includes a premium of Rs. 35.65 per equity share
- Total amount: Rs. 6.98 crore
- The issuance is a preferential issue under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
Effect on the share capital
Following the allotment, the paid-up equity share capital of the Company stands at ₹ 30.73 crore. The new equity shares rank pari-passu, in all respects, with the existing equity shares, meaning they carry the same rights as the shares already held by other investors.
Promoter shareholding after the allotment
- Shri Sanjay Kumar Agrawal: 19.46%
- Smt. Rashmi Agrawal: 18.55%
Both are named in the update as promoters of the Company.
In simple terms
A preferential allotment means the company issues fresh shares to a specific, identified set of investors rather than to the general public. Here, those subscribers are the two promoters. Because new shares are created and issued, the total number of shares of the company goes up, and the promoters are paying cash for them at Rs. 45.65 per share, bringing in Rs. 6.98 crore. The update also sets out how much each of the two promoters holds after the allotment, which is the number existing shareholders usually look at to see how the holding pattern has changed.
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More numbers
- Equity shares allotted to promoters15,30,000
- Issue price per equity shareRs. 45.65
- Premium per equity shareRs. 35.65
- Total amount of the allotmentRs. 6,98,44,500/-
- Face value per equity shareRs. 10/-
- Paid-up equity share capital after allotment₹ 30,72,50,000
- Shri Sanjay Kumar Agrawal holding post-allotment19.46
- Smt. Rashmi Agrawal holding post-allotment18.55
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