TCI Industries Ltd approves allotment of 1250 NCRPS

Pursuant to the Members approval accorded through Postal Ballot on May 28, 2021, the Share Allotment Committee of the Board of Directors of TCI Industries Ltd at its meeting held today i.e. August 25, 2021 has issued and allotted 1,250, nos. of 0% Non-Convertible Redeemable Preference Shares (NCRPS) of Face Value of Rs. 100/- (Rupees Hundred only) each at a premium of Rs. 300/- (Rupees Three Hundred only) each to Ayan Fintrade Private Limited an entity belonging to the Promoter and Promoter Group of the Company for cash.

As the Company allotted Non-Convertible Redeemable Preference Shares, there is no change in the paid-up equity share capital of the Company. The said shares shall not be convertible into equity shares, accordingly, the same shall not be listed with any Stock Exchange.

Shares of TCI Industries Ltd., was last trading in BSE at Rs. 1100 as compared to the previous close of Rs. 1084.35. The total number of shares traded during the day was 132 in over 19 trades.

The stock hit an intraday high of Rs. 1127 and intraday low of 1030.25. The net turnover during the day was Rs. 140912.

Source : Equity Bulls

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