StockWatch
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Trading & Distributors
Board Meeting4 Jul 2026, 06:50 pm

Tirth Plastic Board Approves Preferential Issue of 45 Lakh Equity Shares

AI Summary

Tirth Plastic Ltd's Board of Directors met on July 4, 2026, and approved a preferential issue of up to 45,00,000 equity shares of face value Rs. 10 each. These shares will be issued to non-promoter category investors at a price of Rs. 28 per share (including a premium of Rs. 18). The issuance is subject to necessary approvals, including shareholder approval via postal ballot. M/s. A. Shah & Associates has been appointed as the scrutinizer for the postal ballot process. The meeting also resolved to issue a notice for the postal ballot and e-voting to consider various transactions.

Key Highlights

  • Board approved preferential issue of 45 lakh equity shares.
  • Issue price set at Rs. 28 per share, including Rs. 18 premium.
  • Shares to be allotted to non-promoter category investors.
  • Shareholder approval via postal ballot is required.
  • Scrutinizer appointed for postal ballot process.