Corporate Action30 Oct 2026, 06:34 pm
Arco Leasing ratifies ₹10.6 Cr preferential equity allotment
AI Summary
Arco Leasing Limited's Board of Directors met on October 30, 2026, and approved several key decisions. The board ratified a member resolution for the issuance and allotment of 1,06,13,500 equity shares on a preferential basis, completed on August 13, 2026, for an aggregate amount of ₹10,61,35,000. Additionally, Mr. Ayush Dinesh Kalathiya was appointed as an Independent Director. These decisions are subject to shareholder, stock exchange, and regulatory approvals. An Extra Ordinary General Meeting notice will be sent shortly.
Key Highlights
- Board ratified allotment of 1,06,13,500 equity shares on preferential basis.
- Total preferential allotment value stands at ₹10,61,35,000.
- Mr. Ayush Dinesh Kalathiya appointed as Independent Director.
- Decisions require further shareholder and regulatory approvals.
- EGM notice to be issued shortly.
Price Impact
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