Corporate Action22 May 2026, 02:41 pm
Organic Recycling Systems Redeems Preference Shares for ₹15.15 Cr
AI Summary
Organic Recycling Systems Ltd. has redeemed 2,911 unlisted 0% Non-cumulative Redeemable Preference Shares at ₹12,500 per share, totaling ₹3,63,87,500, and 8,738 shares at ₹13,175 per share, totaling ₹11,51,23,150. The redemptions were funded by proceeds from a fresh issue of equity shares allotted through warrant conversions, based on a valuation report from a Registered Valuer.
Key Highlights
- Organic Recycling Systems redeemed preference shares totaling ₹15.15 Cr.
- 2,911 shares redeemed at ₹12,500 each, totaling ₹3,63,87,500.
- 8,738 shares redeemed at ₹13,175 each, totaling ₹11,51,23,150.
- Redemption funded by proceeds from fresh equity share issuance.
- Valuation based on report from Registered Valuer.
Price Impact
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