Board Meeting2 Sept 2026, 12:12 pm
Organic Recycling Systems to issue 10 Lakh shares to Promoter
AI Summary
Organic Recycling Systems Ltd announced a preferential issue of up to 10,00,000 equity shares, each with a face value of INR 10, at an issue price of INR 161 per share to Mr. Sarang Bhand, the Promoter. This private placement aims to raise approximately INR 16.10 crores. The company will convene an Annual General Meeting on September 30, 2026, to seek shareholder approval for this preferential issue. Post-allotment, the Promoter's shareholding is expected to increase from 15.07% to 20.19%.
Key Highlights
- Board approves preferential issue of 10 Lakh equity shares.
- Issue price set at INR 161 per share, raising up to INR 16.10 crores.
- Proposed allottee is Promoter Mr. Sarang Bhand.
- AGM scheduled for September 30, 2026, for shareholder approval.
- Promoter's stake to increase from 15.07% to 20.19% post-issue.
Price Impact
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