Vishnu Chemicals Limited — QIP/Rights/Pref., 24-10-2024: Allotment of Securities

Vishnu Chemicals Limited announced the approval for the conversion of 7,66,37,500 Cumulative Redeemable Preference Shares (CRPS) into Compulsory Convertible Preference Shares (CCPS). These CCPS will be convertible into 17,88,089 equity shares at a price of Rs. 428.60 each. The Board passed the resolution following shareholder approval and necessary regulatory approvals. Notably, this issuance will not alter the share capital until the conversion occurs. Further information is available on the company's website.