
Board Meeting4 Jul 2026, 06:50 pm
Tirth Plastic Ltd Approves Preferential Issue of 45 Lakh Equity Shares
AI Summary
Tirth Plastic Ltd announced the outcome of its board meeting held on July 4, 2026. The board approved a preferential issue of up to 45,00,000 equity shares of face value Rs. 10 each to non-promoter category shareholders. The issue price is fixed at Rs. 28 per share, including a premium of Rs. 18. The company will appoint M/s. A. Shah & Associates as a scrutinizer for the postal ballot process. The notice for the postal ballot and e-voting will be issued shortly to consider these transactions, subject to necessary approvals, including shareholder consent.
Key Highlights
- Board approves preferential issue of 45 lakh equity shares.
- Issue price set at Rs. 28 per share to non-promoters.
- Shareholder approval via postal ballot is required.
- Company to appoint a scrutinizer for postal ballot.
- Meeting held on July 4, 2026, duration 30 minutes.
Price Impact
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