Mitsu Chem Plast gets BSE in-principle approval for 10 Lakh Warrants

Mitsu Chem Plast Limited has received in-principle approval from BSE Limited for the issuance of 10,00,000 warrants, convertible into an equal number of equity shares, to promoters and non-promoters on a preferential basis. Each warrant will be issued at a price of not less than ₹151 per warrant, with a face value of ₹10. The approval is subject to compliance with all applicable regulations, including SEBI's ICDR and LODR Regulations. BSE has advised the company to strengthen internal controls and obtain undertakings from allottees regarding trading restrictions to prevent non-compliance.