Captain Pipes Ltd allots 10 lakh warrants

The Board of Directors of Captain Pipes Ltd in its meeting held on Sunday, March, 20, 2022 at Registered Office of Company, has considered, approved and allotted on preferential basis 10,00,000 convertible Warrants at an issue price of Rs. 67/- per warrant in terms of the special resolution passed by the shareholders of the Company at the EGM held on MARCH 5, 2022. The Warrants shall be converted into equal number of equity shares of face value of Rs. 10/- each at any time before eighteen months from the date of allotment.

The allotment is made to Promoter and Non Promoter group from whom upfront payment of 25% of issue price of convertible warrants i.e Rs.16.75/- per warrant is received.

Since the Company has allotted warrants, there is no change in paid-up equity share capital of the Company at present.

Source : Equity Bulls

Keywords

CaptainPipes PreferentialAllotment ConvertibleWarrants