Corporate Action28 Oct 2026, 12:11 pm
Chemiesynth Vapi Allots ₹10 Cr Preference Shares via Private Placement
AI Summary
Chemiesynth (Vapi) Ltd's Board of Directors has approved the allotment of 1,00,00,000 Unlisted Non-Convertible Cumulative Redeemable Preference Shares (NCRPS) at ₹10 each, aggregating to ₹10,00,00,000 (₹10 Crore) on a private placement basis. The allotment is part of the First Tranche, following member approval and receipt of subscription money. These NCRPS are unlisted, carry a cumulative dividend of 5% per annum, are unsecured, and have a maturity date of October 28, 2033 (7 years from allotment). The company has also authorized necessary statutory filings and corporate actions related to this allotment.
Key Highlights
- Board approved allotment of 1 Cr NCRPS via private placement.
- Total issue size amounts to ₹10 Crore.
- NCRPS are unlisted, unsecured, and carry 5% cumulative dividend.
- Maturity date set for October 28, 2033.
- Allotment follows member approval and subscription receipt.
Price Impact
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