Board Meeting25 Aug 2026, 08:30 pm
Ambica Agarbathies Allots 8.48 Lakh Shares Worth ₹2.12 Cr
AI Summary
Ambica Agarbathies & Aroma Industries Ltd announced the outcome of its Board Meeting, wherein it approved the allotment of 8,48,600 equity shares to the Promoter Group on a preferential basis. The issue price was set at ₹25 per share, aggregating to ₹2,12,15,000. The Board also resolved to hold the 31st Annual General Meeting on September 29, 2026, and appointed a Practicing Company Secretary as Scrutinizer for the voting process.
Key Highlights
- Board approved preferential allotment of 8.48 lakh equity shares.
- Allotment to Promoter Group at ₹25 per share.
- Total funds raised via preferential issue: ₹2.12 crore.
- 31st Annual General Meeting scheduled for September 29, 2026.
- Scrutinizer appointed for the upcoming AGM voting process.
Price Impact
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