Suraj Industries Ltd allots 10,97,000 Equity Shares on conversion of warrants

The Preferential Allotment Committee of Board of Directors of M/s Suraj Industries Limited, at their meeting held today 1.e., Friday, September 09, 2022 at F-32/3, Second Floor, Okhla Industrial Area, Phase-2, New Delhi-110020 has, considered and approved the allotment of 10,97,000 Equity Shares of face value of Rs. 10/- each pursuant to conversion of 10,97,000 Fully Convertible Warrants ("Warrants"), issued as on 26.03.2021 at an issue price of Rs. 10/- each, by way of preferential allotment, to Mr. Suraj Prakash Gupta belonging to "Promoter and Promoter group".

Consequent to the said allotment, the Paid-up Equity Share Capital of the Company stands increased to Rs. 12,29,41,720/- divided into 1,22,94,172 Equity Shares of face value of Rs.10/- each.

Source : Equity Bulls

Keywords

SurajIndustries SharesAllotment PromoterGroup WarrantsConversion