H P Cotton Textile Mills to allot 1,12,000 warrants at Rs. 180

The Board of Directors of H.P. Cotton Textile Mills Limited in their Meeting held today i.e. January 12, 2022 has, considered and approved the proposal to issue and allot by way of preferential issue, from time to time, in one or more tranches, to the Kailash Kumar Agarwal 67,200 and Raghavkumar Agarwal 44,800 warrants, upto an aggregate of 1,12,000 warrants each convertible into, or exchangeable for, 1 (one) fully paid-up Equity Share of the Company having face value of Rs. 10/- each (Rupee Ten Only), each at a price Rs. 180 (including the warrant subscription price and the warrant exercise price), subject to approval of the shareholders of the Company.

The board also approved proposal to hold the extra-ordinary general meeting of the members of the Company on Monday, February 07, 2022 through video conferencing and / or other audio-visual means for seeking members consent for Warrants Issue.

Each Warrant is convertible into 1 Equity Shares and the conversion can be exercised at any time within a period of 18 months from the date of allotment, in one or more tranches, as the case may be and on such other terms and conditions as applicable.

Shares of H.P.COTTON TEXTILE MILLS LTD. was last trading in BSE at Rs. 184.15 as compared to the previous close of Rs. 191.20. The total number of shares traded during the day was 32808 in over 569 trades.

The stock hit an intraday high of Rs. 203.40 and intraday low of 180.00. The net turnover during the day was Rs. 6364434.00.

Source : Equity Bulls

Keywords

HPCOTTONTEXTILEMILLS INE950C01014 FundRaising Warrants