Siyaram Silk Mills Allots Bonus Preference Shares Series I & II

Siyaram Silk Mills Ltd announced the allotment of Series I and Series II cumulative non-convertible redeemable preference shares as part of a Scheme of Arrangement. The allotment, approved by the Allotment Committee on August 25, 2026, is based on the record date of August 22, 2026. Shareholders will receive 4 Series I preference shares (redeemable within 3 years) and 3 Series II preference shares (redeemable within 5 years) for every 1 equity share held. The face value of each preference share is ₹10, carrying a 9% annual coupon rate. The company will seek listing and trading approval for these shares on BSE and NSE.