Vaswani Industries Limited — QIP/Rights/Pref., 23-10-2024: Allotment of Securities

Vaswani Industries' Board of Directors has approved the preferential allotment of 1,346,153 equity shares at a face value of ₹10 each, with a premium of ₹42 per share. This decision follows a special resolution from the Annual General Meeting. The total consideration for the shares amounts to ₹69,999,956. After the allotment, the company's paid-up capital increases from ₹300,000,000 to ₹313,461,530, and shares will rank equally with existing shares.