Corporate Action13 Apr 2026, 11:30 am
Kanoria Chemicals Board Approves NCRPS Letter of Offer
AI Summary
Kanoria Chemicals & Industries Ltd's Board of Directors, in a meeting held on April 13, 2026, approved the Letter of Offer (PAS-4) for the issuance of Non-Convertible, Non-Cumulative, Non-Participating, Redeemable Preference Shares (NCRPS). This approval follows the resolution passed at the Extra-Ordinary General Meeting held on April 1, 2026, regarding the NCRPS. The board meeting commenced at 11:00 a.m. and concluded at 11:20 a.m.
Key Highlights
- Board approved Letter of Offer for NCRPS on April 13, 2026.
- The NCRPS issuance was previously approved in an EGM on April 1, 2026.
- This is a step towards issuing Non-Convertible, Non-Cumulative, Non-Participating, Redeemable Preference Shares.
Price Impact
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