
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.
Price Impact
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