Board Meeting17 Sept 2025, 01:29 pm
Gujarat Hy-Spin Ltd. Announces Extra-Ordinary General Meeting to Alter Authorised Share Capital and Approve Preferential Issue of Equity Shares
AI Summary
Gujarat Hy-Spin Ltd. has called for an Extra-Ordinary General Meeting (EGM) to transact business including an alteration in the authorised share capital of the company and consequential amendment in the capital clause of the memorandum of association, and approval of the issue of equity shares on a preferential basis to non-promoters for cash consideration. The EGM is scheduled for Saturday, 11th October 2025 at 11:00 A.M. (IST) at the registered office of the company in Gondal, Rajkot.
Key Highlights
- Alteration in the authorised share capital of the company from INR 16,75,00,000 to INR 22,75,00,000 by creation and addition of 60,00,000 equity shares
- Substitution of the existing Clause 5 of the Memorandum of Association of the Company
- Approval of the issue of 60,00,000 equity shares on a preferential basis to non-promoters for cash consideration
- Issue price of INR 40/- per equity share, including a premium of INR 30/- per equity share
- Lock-in period for the pre-preferential shareholding of the proposed allottees as per SEBI ICDR Regulations
Price Impact
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