Corporate Action15 May 2026, 03:10 pm
Organic Recycling Systems redeems preference shares worth ₹20.47 Cr
AI Summary
Organic Recycling Systems Ltd. has redeemed 16,380 unlisted Class-2, 0% Non-cumulative Redeemable Preference Shares of ₹10 each at a price of ₹12,500 per share, aggregating to ₹20,47,50,000. The redemption was executed by the Redemption Committee of the Board of Directors on April 29, 2024, and funded from the proceeds of fresh equity shares allotted pursuant to conversion of warrants, as per the terms of issuance, redemption and valuation report.
Key Highlights
- Organic Recycling Systems redeemed preference shares on April 29, 2024.
- 16,380 shares were redeemed at ₹12,500 per share.
- The total redemption value is ₹20.475 Cr.
- Redemption was funded by proceeds from fresh equity shares.
- The redemption was based on valuation report from Registered Valuer.
Price Impact
More from ORGANICREC