Board of Mangalam Cement allots 8.03 lakh equity shares unde

Topic of Article

Within the assembly held on 14 January 2022

The Board of Mangalam Cement in its assembly held on 14 January 2022 authorised the allotment of 8,03,518 full paid-up fairness shares of Mangalam Cement (‘MCL’ or ‘Firm’) with a face worth of 10 / – every. Shareholders of Mangalam Timber Merchandise (‘MTPL’) (as on the file date of January 06, 2022), within the 1: 22 share trade ratio (‘NCLT’) supplied within the consolidation scheme authorised by the Hon’ble Nationwide Firm Legislation Tribunal, by the Jaipur Bench on 03 November By order of 2021.

As well as, 8814 totally paid-up fairness shares of MCL (included within the above 8,03,518 totally paid-up fairness shares) have been allotted to Firm Secretary Manoj Kumar for the fractional proper of MTPL shareholders. MTPL, through the technique of allotment of shares as per the share trade ratio supplied within the consolidation scheme.

On allotment, the corporate’s fairness share capital elevated to Rs. 2,74,97,298 fairness shares have been traded. 10 every for a complete of Rs. 27,49,72,98 0 / -.

Run by Capital Market – Dwell Information

(This story has not been edited by Enterprise Commonplace employees and has been auto-generated from the Syndicate feed.)

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