Deals3 April 2026 at 01:35 pm
Shree Hari Chemicals Allots Equity Shares to Shubhalakshmi Polyesters Upon Conversion of CCDs
AI Summary
Shree Hari Chemicals Export Ltd. has allotted 7,74,946 (Seven Lakh Seventy-Four Thousand Nine Hundred and Forty-Six) Equity Shares of Rs. 10/- per share at a premium of Rs. 69/- per share to Shubhalakshmi Polyesters Limited. This allotment is pursuant to the conversion of equal number of Zero Coupon Compulsorily Convertible Debentures (CCDs) of Rs. 79/- each. The aforesaid equity shares of the Company shall be locked-in as per the Regulation 167 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The meeting to discuss this matter was held from 5.30 p.m. to 6.00 p.m.
Key Highlights
- Shree Hari Chemicals Export Ltd. allotted equity shares to Shubhalakshmi Polyesters Limited
- The allotment is pursuant to the conversion of Zero Coupon Compulsorily Convertible Debentures (CCDs)
- The total number of equity shares allotted is 7,74,946
- The equity shares were allotted at a premium of Rs. 69/- per share
- The allotted equity shares of the Company shall be locked-in as per the Regulation 167 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018