Kilburn Chemicals Ltd allots shares, warrants

The Board of Directors of Kilburn Chemicals Ltd at its meeting held today have considered & approved the allotment of 9,40,000 Equity Shares to M/s. Supriya Finance Limited and 27,25,000 Convertible Warrants to M/s. Shree Durga Agencies Ljmited. M/s. Sandeep Investnrents Limited, M/s. Nirvan Commercial Company Limited, M/s. Ana Vincom Privaie Limited and M/s. Arham Vyapaar Private Limited respectively, being the entities forming part of the Promoters / Promoter Croup of the Company, each of face value of Rs. 10/- each and at a price of Rs. 39/- each (including a premium of Rs. 29 each) on Preferential Basis, in compliance with Chapter VII of Securities & Exchange Board of lndia (Issue of Capital & Disclosure Requirements) Regulations, 2009 and subsequent amendments thereto and Section 42 & 62 of the Companies Act, 2013, to the extant rules notified.

The Board approved the appoinrment of Mr.Ashim Dutta as the Chief Executive Officer of the Company, w.e.f 21.03.2016.

The Board also accepted the rating of the Company, i.e. BBB- (Triple B (Minus)), which was done throush CARE.

Shares of KILBURN CHEMICALS LTD. was last trading in BSE at Rs.24.6 as compared to the previous close of Rs. 24.75. The total number of shares traded during the day was 102 in over 4 trades.

The stock hit an intraday high of Rs. 24.75 and intraday low of 24.55. The net turnover during the day was Rs. 2509.

Source : Equity Bulls

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