Roto Pumps Ltd allots 2,50,000 shares on conversion of warrants

The Board of Directors of Roto Pumps Ltd vide its circular resolution dated January 27, 2022 has allotted 2,50,000 (Two Lakh Fifty Thousand Only) Equity Shares having face value of Rs. 2/- each pursuant to conversion of warrants allotted on preferential basis at a premium of Rs. 140.11/- each to Promoter / Promoter Group in terms of the approval granted by the members through Postal Ballot by remote e-voting on May 19, 2021.

Consequent to the aforesaid allotment, the paid up equity capital of the Company has increased from Rs. 3,09,07,610/- consisting of 1,54,53,805 Equity Shares having face value of Rs. 2/- each to Rs. 3,14,07,610/- consisting of 1,57,03,805 Equity Shares having face value of Rs. 2/- each.

Shares of ROTO PUMPS LTD. was last trading in BSE at Rs. 417.05 as compared to the previous close of Rs. 424.60. The total number of shares traded during the day was 11286 in over 298 trades.

The stock hit an intraday high of Rs. 425.00 and intraday low of 410.00. The net turnover during the day was Rs. 4680324.00.

Source : Equity Bulls

Keywords

ROTOPUMPS INE535D01029 SharesAllotment WarrantsConversion