Safa Systems Allots 23.9 Lakh Shares to Promoters for ₹4.89 Cr

Safa Systems & Technologies Ltd's Board of Directors has approved the allotment of 23,90,000 equity shares to promoters and members of the promoter group on a preferential basis. This allotment, priced at ₹20.47 per share, aggregates to ₹4,89,23,300.00 (₹4.89 Crore). The issuance follows shareholder approval at the 5th Annual General Meeting and is in accordance with the Companies Act, 2013, and ICDR Regulations. The allotment will increase the company's paid-up equity share capital from ₹24,97,75,500 to ₹27,36,75,500. The newly allotted shares will rank pari passu with existing equity shares.