Sampre Nutritions Ltd board approves rights issue, fund raising

The Board of Directors of Sampre Nutritions Ltd in their meeting held on March, 10, 2022, have approved the raising funds for an amount aggregating up to Rs. 14,46,00,000 (Rupees Fourteen Crores Forty-Six Lakhs Only) though further issue of shares by way of Rights Issue. The Rights issue will be in ratio of 2 Equity shares for every one share held @ Rs.15/- Per share including premium of Rs.5/- per share. In order to give effect to above, the Board has also constituted and Authorised the fund raise committee of Board to, decide on the terms and conditions of the proposed fund raise.

The board approved increase in Authorised Capital of the Company, in accordance with relevant provisions of the Companies Act, 2013 from existing Rs. 6,00,00,000 (Rupees Six Crores Only) divided into 60,00,000 (Sixty Lakhs only) Equity Shares of Rs. 10/- each to Rs. 18,00,00,000/- (Eighteen Crores Only divided into 1,80,00,000 (One Crore Eighty Lakhs Only) Equity Shares of Rs. 10/- each.

The board also approved increasing Borrowing powers of the Board up to Rs. 100 Crores.

The Company proposes to seek Members' approval for the above proposals by way of Postal Ballot in due course.

Shares of SAMPRE NUTRITIONS LTD. was last trading in BSE at Rs. 31.00 as compared to the previous close of Rs. 30.45. The total number of shares traded during the day was 602 in over 5 trades.

The stock hit an intraday high of Rs. 31.95 and intraday low of 31.00. The net turnover during the day was Rs. 19138.00.

Source : Equity Bulls

Keywords

SAMPRENUTRITIONS INE375C01014 FundRaising RightsIssue BorrowingPower