Shivalik Rasayan Ltd approves preferential allotment

The Share Allotment Committee of Shivalik Rasayan Ltd, in its Meeting held today has approved the Issue Price, in terms of Regulation 76 of ICDR Regulations 2009, for the proposed Preferential Allotment computes to Rs. 296/- each, as against the earlier wrong calculation of Rs. 293/- each.

Further, in respect of the proposed allotment of upto 50000 Warrants to M/s Chem Pharma Healthcare Pvt. Ltd., the Company is in receipt of their request to make the allotment to their Director, Ms. Neelima Shrawat. So, it was decided to make the proposed preferential issue of upto 50000 Warrants to Ms. Neelima Shrawat instead of M/s. Chem Pharma Healthcare Pvt. Ltd.

Source : Equity Bulls

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