Corporate Action19 Sept 2026, 09:20 pm
Shree Rajeshwaranand Paper Mills approves preferential allotment
AI Summary
Shree Rajeshwaranand Paper Mills Ltd. announced that its Board of Directors, in a meeting held on September 19, 2026, approved a revised list of allottees for a preferential issuance of 1,20,00,000 equity shares. This issuance represents approximately 94.81% of the post-allotment capital. The company will apply to BSE Limited for in-principle approval for the listing of these shares. This move is in furtherance of an equity infusion/restructuring proposal considered earlier and aims to raise capital through the issuance of shares with a face value of Rs. 10 each, aggregating to Rs. 12,00,00,000.
Key Highlights
- Board approved preferential allotment of 1.2 crore equity shares.
- Total funds to be raised amount to ₹12 crore.
- Shares represent 94.81% of post-allotment capital.
- Application to be made to BSE for listing approval.
- Allotment is part of a prior equity infusion/restructuring plan.
Price Impact
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