Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Balasore Alloys Ltd announces forfeiture of up-front money received against warrants

Posted On: 2018-05-15 17:31:40

Balasore Alloys Ltd has announced with respect to conversion of 85,65,000 Warrants into Equity Shares upon receipt of balance money.

A sum of Rs. 4,76,75,001/- (Rupees Four crores seventy six lacs seventy five thousand and one only) was received by the Company before the allotment of the 85,65,000 Warrants as up-front subscription money. The Committee for Preferential Issue of Warrants of the Board of Directors at its meeting held today, on 15th May, 2018, has noted that, the balance amount against the aforesaid warrants have not been received by the Company till 2nd May, 2018 (being 18 months from the date of allotment of warrants to the allottee Promoter Group Companies) and accordingly, pursuant to regulation 77(4) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, the said up-front subscription money received from the respective allottees Global Steel Holdings Asia Pte. Ltd (10,017 warrants) - Rs. 94,140, Direct Trading & Investments Singapore Pte. Ltd (37,50,000 warrants) - Rs. 2,05,66,543 and Prasan Global Ventures Singapore Pte. Ltd. (48,04,983 warrants) (2,70,14,318) stands forfeited. The total warrants forfeited was 85,65,000 and the amount is Rs. 4,76,75,001.

Shares of BALASORE ALLOYS LTD. was last trading in BSE at Rs.48.8 as compared to the previous close of Rs. 48.45. The total number of shares traded during the day was 102537 in over 623 trades.

The stock hit an intraday high of Rs. 52.4 and intraday low of 48.05. The net turnover during the day was Rs. 5136482.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Balaji Telefilms Ltd appoints Sunil Lulla as Group CEO

Gulf Oil Lubricants India Ltd Q4 PAT up by 32.52%

Sumedha Fiscal Services Ltd Board recommended Dividend of Rs. 1 for 2017-18

NACL Industries Ltd Board recommends Final Dividend of Rs. 0.125

Swiss Glascoat Equipments Ltd Board approves Dividend of Rs. 2 for 2017-18

Khaitan Chemicals & Fertilizers Ltd Board recommends Dividend of Rs. 0.05 for 2017-18

Mazda Ltd Board to consider Dividend on May 29, 2018

TCS fixes June 2, 2018 as record date for bonus issue

Sobha Limited board recommends dividend of Rs. 7 for 2017-18

Amines & Plasticizers Ltd Board to consider Dividend, FY18 results on May 30, 2018

Sakthi Finance Ltd Board to consider Dividend on May 30, 2018

Gulf Oil Lubricants India Ltd board recommends final dividend of Rs. 6.50

Hinduja Global Solutions Ltd calls for board meeting on May 30, 2018

Suryalata Spinning Mills Ltd board recommends dividend of Rs. 1.50 for 2017-18

Veto Switchgears and Cables Ltd Board to consider Final Dividend on May 28, 2018

B&A Packaging India Ltd Board recommends Final Dividend of Rs. 0.50 for 2017-18

Amara Raja Batteries Limited reports financial results for the financial year 2017-18

Oceanic Foods Ltd calls for board meeting on May 28, 2018

PNB Gilts Ltd board recommends final dividend of Rs. 1 for 2017-18

Gujarat Ambuja Exports Ltd Board recommends Final Dividend of Rs. 0.90 for 2017-18

Thermax to acquire stake of Babcock & Wilcox in JV

Jay Shree Tea & Industries Ltd board to consider FY18 results on May 29, 2018

Atul Auto Ltd Board recommends Dividend of Rs. 2.50 for 2017-18

Advanced Enzyme Technologies Ltd Board approves Dividend of Rs. 0.50

Gravita India Ltd Board to consider Final Dividend on May 28, 2018

Bharat Road Network Ltd calls for board meeting on May 29, 2018

ITI Ltd Q4 PAT declines to Rs. 107.84 crores

PNB Gilts Ltd Q4 net profit slips to Rs. 10.90 crores

Mangalam Organics Ltd Q4 PAT jumps to Rs. 2.83 crores

Prithvi Exchange India Ltd Q4 net profit at Rs. 0.34 crore

Gulf Oil Lubricants India Ltd FY18 net profit surges to Rs. 158.55 crores

Gujarat Ambuja Exports Ltd Q4 Net Profit zooms to Rs. 78.89 crores

Suryalata Spinning Mills Ltd Q4 net profit up at Rs. 1.98 crores

Khaitan Chemicals & Fertilizers Ltd Q4 PAT drops to Rs. 0.92 crore

Swiss Glascoat Equipments Ltd Q4 net profit rises to Rs. 2.64 crores

Sobha Ltd Q4 consolidated net profit soars to Rs. 65.4 crores

Amara Raja Batteries Ltd Q4 PAT climbs to Rs. 109.80 crores

Pennar Industries Ltd Q4 net profit jumps to Rs. 47.52 crores

IFGL Refractories Ltd Q4 consolidated PAT up at Rs. 19.81 crores

Balrampur Chini Mills Ltd posts loss of Rs. 42.69 crores in Q4

Yash Papers Ltd Q4 net profit slumps to Rs. 0.37 crore

Advanced Enzyme Technologies Ltd Q4 net profit higher at Rs. 28.33 crores

Sanghi Industries Ltd FY18 net profit soars to Rs. 93.31 crores

Atul Auto Ltd Q4 net profit jumps to Rs. 11.69 crores

Associated Alcohols & Breweries Ltd Board to consider Dividend on May 28, 2018

IFGL Refractories Ltd Board recommends Dividend of Rs. 2 for 2017-18

Bengal & Assam Company Ltd board recommends dividend of Rs. 10 for 2017-18

Balrampur Chini Mills Ltd confirms interim dividend as final dividend for 2017-18

Poddar Pigments Ltd board recommends dividend of Rs. 3.50

Lawreshwar Polymers Ltd calls for board meeting on May 28, 2018



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018