Corporate Action8 Oct 2026, 07:20 pm
Shree Rajeshwaranand Paper Mills Approves Preferential Allotment
AI Summary
Shree Rajeshwaranand Paper Mills Ltd's Board of Directors, in a meeting held on October 8, 2026, approved a revised list of allottees for a preferential issue of 1,20,00,000 Equity Shares. This issue represents approximately 94.81% of the post-allotment capital and is valued at ₹12,00,00,000 (₹12 Crore). The company will apply to BSE Limited for in-principle approval for listing these shares. This move is in furtherance of an equity infusion/restructuring proposal considered in July 2025.
Key Highlights
- Board approved revised allottees for preferential share issue.
- 1.20 Crore equity shares to be issued at ₹10 face value.
- Issue represents ~94.81% of post-allotment capital.
- Company to seek BSE approval for listing of new shares.
- Transaction aims for equity infusion and restructuring.
Price Impact
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