STOCKWATCH
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Explosives
Investment2 Mar 2026, 12:45 pm

Beezaasan Explotech Ltd. Allots 22,30,641 Equity Shares on Preferential Basis for Consideration Other Than Cash

AI Summary

Beezaasan Explotech Ltd. has allotted 22,30,641 fully paid-up equity shares of face value Rs. 10/- each at an issue price of Rs. 236/- each, including a premium of Rs. 226/- per equity share. This allotment is for consideration other than cash, in lieu of acquiring 34.84% shareholding in Asawara Earthtech Limited through swapping of Equity Shares. The allotment was approved by the Board of Directors in a meeting held on Monday, March 02, 2026. The new equity shares rank pari passu with the existing equity shares of the Company. The paid-up equity capital of the Company has increased from Rs. 12,92,11,330 /- to Rs. 15,15,17,740 /- consisting of 1,51,51,774 equity shares of Re.10/- each.

Key Highlights

  • Beezaasan Explotech Ltd. allotted 22,30,641 equity shares on preferential basis for consideration other than cash.
  • The consideration is in lieu of acquisition of 34.84% shareholding in Asawara Earthtech Limited through swapping of Equity Shares.
  • The issue price is Rs. 236/- each, including a premium of Rs. 226/- per equity share.
  • The paid-up equity capital of the Company has increased from Rs. 12,92,11,330 /- to Rs. 15,15,17,740 /-.
  • The new equity shares rank pari passu with the existing equity shares of the Company.
BEEZAASAN
Explosives
Beezaasan Explotech Ltd

Price Impact