AMBANI ORGOCHEM LIMITED — QIP/Rights/Pref., 16-11-2024: Allotment of Securities

Ambani Orgochem Limited has announced a board meeting on November 16, 2024, to disclose the allotment of 6,00,000 equity shares pursuant to the exercise of convertible share warrants. The shares were issued at an issue price of Rs. 80 per share. Notably, the allotment increases Rakesh Shah’s shareholding from 53.33% to 56.99%. The funds received from the warrant conversion have been partially allocated, with 25% paid at subscription and the remaining at the time of conversion. The newly issued shares rank equally with existing shares in all respects.