Panchsheel Organics approves preferential issue

The Board of Directors of Panchsheel Organics Ltd at its meeting held today i.e. Monday, 2nd May, 2022, have approved the issue of upto 17,51,510 equity shares of the Company having face value of 10/- each ("Equity Shares"), proposed to be issued at Rs. 170.20/- each (including premium of Rs. 160.20/- per Equity Shares) on a preferential basis ("Preferential Issue").

The board also approved issue of upto 12,00,000 Warrants Convertible into Equity Shares having face value of Re. 10/- each proposed to be issued at Rs. 170.20/- each (including premium of Rs. 160.20/- per Equity Shares) on a preferential basis ("Preferential Issue").

Shares of PANCHSHEEL ORGANICS LTD. was last trading in BSE at Rs. 202.00 as compared to the previous close of Rs. 205.30. The total number of shares traded during the day was 47117 in over 372 trades.

The stock hit an intraday high of Rs. 212.00 and intraday low of 199.95. The net turnover during the day was Rs. 9604925.00.

Source : Equity Bulls

Keywords

PANCHSHEELORGANICS INE316G01019 PreferentialIssue EquityShares ConvertbileWarrants