Board Meeting23 Oct 2026, 07:10 pm
Flora Corp Plans ₹50 Lakh Preferential Issue to Promoters
AI Summary
Flora Corporation Ltd announced its Board of Directors has approved a preferential issue of up to 5,00,000 equity shares at ₹10 each, aggregating ₹50,00,000 (₹50 Lakhs), to the Promoter Group. The issue is subject to shareholder and regulatory approvals. An Extra-Ordinary General Meeting (EGM) will be convened on November 23, 2026, to seek member approval via a special resolution. The trading window, closed since October 19, 2026, will reopen 48 hours after the outcome dissemination.
Key Highlights
- Board approves preferential issue of equity shares.
- Issue size up to ₹50 Lakhs to Promoter Group.
- EGM scheduled for November 23, 2026, for approval.
- Trading window to reopen post-announcement.
Price Impact
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