Comrade Appliances to Issue 24 Lac Shares via Preferential Issue for ₹8.16 Cr

Comrade Appliances Limited announced a preferential issue of up to 24,00,000 Equity Shares. Each share, with a face value of ₹10, will be issued for cash at a price of ₹34, aggregating up to ₹8,16,00,000 (₹8.16 Crore). The Independent Directors Committee (IDC) reviewed the valuation report and other relevant documents, providing unanimous recommendations for the proposed issue. The primary allottees include Omnia Appliances Private Limited (20,00,000 shares) and Anadi Investments Private Limited (4,00,000 shares). The IDC confirmed that the offer price is in line with SEBI ICDR Regulations and that its members have no conflicts of interest with the company or the allottees.