Jagan Lamps Ltd allots shares, CCDs on preferential basis

The Board of Directors of Jagan Lamps Ltd in their meeting held today i.e. Wednesday, 13th October, 2021, have allotted following equity Shares and debentures to the allottees on preferential basis:

M/s Jagan Automotives Private Limited (Promoter Group Entity) - Equity Share - 2,66,730
Mr. Ashish Aggarwal (Promoter) - Compulsory Convertible Debentures (CCD) - 73,000*

Note: * Post conversion of 73,000 Compulsory Convertible Debentures (CCD) of face value of Rs. 100 each convertible into 1,38,783 equity shares of Rs. 10 each.

The above allotment is made in pursuance to the special resolution passed by the shareholders in their Annual General Meeting held on 29th September, 2021 approving preferential issue and In-principle approval received from BSE Ltd.

Shares of JAGAN LAMPS LTD. was last trading in BSE at Rs. 48.65 as compared to the previous close of Rs. 49.85. The total number of shares traded during the day was 7821 in over 130 trades.

The stock hit an intraday high of Rs. 51.50 and intraday low of 48.15. The net turnover during the day was Rs. 389220.00.

Source : Equity Bulls

Keywords

JAGANLAMPS INE144C01014 AutoParts Equipment PreferentialIssue Shares CCDs