Transmission of Shares30 March 2026 at 11:31 am
Commercial Syn Bags Ltd Approves Allotment of 3,87,000 Equity Shares to Promoter Group
AI Summary
Commercial Syn Bags Ltd announced that the Board of Directors at their meeting held on 30th March, 2026, approved the allotment of 3,87,000 equity shares of Rs. 10 each at a premium of Rs. 62 per share to the warrant holder categorised under the promoter group. This decision was made after receiving the balance amount due on 3,87,000 warrants aggregating Rs. 2,08,98,000 against the option exercised by warrant holder for convertible warrants issued on 20th March 2025, on a preferential basis.
Key Highlights
- Board of Directors approved the allotment of 3,87,000 equity shares to promoter group
- Allotment made after receiving balance amount due on 3,87,000 warrants
- Warrants issued on preferential basis at a premium of Rs. 62 per share
- Total amount for the securities issued is Rs. 2,08,98,000
- Shareholding of Pravi Investment LLP subsequent to Conversion is 1584906 equity shares of Rs. 10/- each
COMSYNPackaging
Commercial Syn Bags LtdPrice Impact