AGM/EGM27 Apr 2026, 09:11 pm
Balrampur Chini EGM on May 20, 2026 to approve 9.31 Mn share issue at ₹483
AI Summary
Balrampur Chini Mills Ltd. announced an Extra-Ordinary General Meeting (EGM) on May 20, 2026, at 4:00 p.m. IST via video conferencing. The EGM's primary agenda is to obtain shareholder approval for the offer, issue, and allotment of up to 9,316,771 fully paid-up Equity Shares. These shares will be issued for cash at a price of ₹483 per Equity Share, inclusive of a premium. The company has arranged remote e-voting facilities for shareholders, commencing on May 17, 2026, and concluding on May 19, 2026. The fund-raising initiative is contingent upon various regulatory and shareholder approvals. The EGM notice is being dispatched electronically.
Key Highlights
- EGM on May 20, 2026, to approve equity share issue.
- Company to issue up to 9.31 Mn equity shares.
- Shares priced at ₹483 each for cash consideration.
- Remote e-voting available from May 17-19, 2026.
- Fundraise subject to necessary regulatory approvals.