Quarterly Result28 March 2026 at 08:31 am
Ishan Dyes and Chemicals Ltd: Board Approves Allotment of 7,40,700 Equity Shares Following Warrant Conversion
AI Summary
Ishan Dyes and Chemicals Ltd announced the outcome of its Board Meeting held on 28th March 2026. The Board approved the allotment of 7,40,700 equity shares following the conversion of convertible equity warrants allotted on a preferential basis. The warrants were allotted in accordance with the approval of shareholders granted at the Extra-Ordinary General Meeting held on 14th August 2025 and the in-principle approval of BSE and NSE. The newly issued and allotted equity shares will rank pari-passu with the existing equity shares of the company. The paid-up equity share capital of the company stands increased to INR 27,30,43,970 post-allotment.
Key Highlights
- Board Meeting approves allotment of 7,40,700 equity shares following warrant conversion
- Warrants were allotted on a preferential basis in accordance with shareholder and regulatory approvals
- Newly issued equity shares will rank pari-passu with existing shares
- Paid-up equity share capital increases to INR 27,30,43,970 post-allotment