Khandwala Securities Limited approves preferential issue at Rs. 25

The Board of Directors of Khandwala Securities Limited at its meeting held today, i.e. on Tuesday, May 03, 2022 at the Registered Office of the Company, considered and approved the issuance of upto maximum 44,00,000 equity shares of face value Rs. 10/- each, on a preferential basis to investors not a part of the promoter and promoter group of the Company, at an issue price of Rs. 25/- per share, aggregating to Rs. 11,00,00,000/- (Rupees Eleven Crores only), subject to the approval of the Members of the Company and such other regulatory authority as may be applicable.

The board also approved increasing the existing Authorised Equity Share Capital of the Company from the total aggregate amount of Rs. 14,00,00,000/- (Rupees Fourteen Crores Only) divided into 1,40,00,000 (One Crore Forty Lakhs only) equity shares of Rs. 10/- (Rupees Ten Only) each to Rs. 17,00,00,000/-(Rupees Seventeen Crores Only) divided into 1,70,00,000 (One Crore Seventy Lakhs Only) equity shares of Rs. 10/- (Rupees T Ten Only) each, subject to the approval of the Members of the Company.

Shares of Khandwala Securities Limited was last trading in BSE at Rs. 25.45 as compared to the previous close of Rs. 26.50. The total number of shares traded during the day was 763 in over 49 trades.

The stock hit an intraday high of Rs. 26.75 and intraday low of 25.35. The net turnover during the day was Rs. 19620.00.

Source : Equity Bulls

Keywords

KhandwalaSecurities INE060B01014 PreferentialIssue NonPromoters