Corporate Action2 Sept 2026, 04:18 pm
RLF Ltd Allots 13 Lakh Shares Worth ₹1.36 Cr for Loan Conversion
AI Summary
RLF Limited announced the allotment of 13,00,000 equity shares at an issue price of ₹10.50 per share, aggregating ₹1,36,50,000. This allotment is on a preferential basis for the conversion of outstanding unsecured loans. The shares were allotted to Ashish Khanna and Aditya Khanna, both from the Promoter Group. This move increases the company's paid-up equity share capital from ₹9,64,34,600 to ₹10,94,34,600. The newly allotted shares will rank pari passu with existing equity shares and are subject to listing approval from BSE Limited.
Key Highlights
- RLF Ltd allots 13 lakh equity shares worth ₹1.36 Cr.
- Allotment is for conversion of unsecured loans into equity.
- Shares issued on preferential basis to Promoter Group.
- Paid-up capital increases to ₹10.94 Cr.
- New shares will rank pari passu with existing equity.
Price Impact
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