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Shri Gang Industries' Preferential Issue Committee approved the allotment of 2,50,000 new equity shares. These shares resulted from the conversion of 2,50,000 Compulsorily Convertible Preference Shares (CCPS) at a conversion price of Rs. 99 each. The allotment was made to Express Infra Financial Consultancy Private Limited, part of the Promoter & Promoter Group. This conversion increases the company's Paid-up Equity Share Capital to Rs. 19.98 Cr, comprising 1.998 Cr equity shares with a face value of Rs. 10 each, and strengthens the promoter group's equity stake.
All announcements from Shri Gang Industries & Allied Products Ltd