Astral Ltd allots shares on amalgamation

Pursuant to Scheme of Amalgamation of Resinova Chemie Limited (Subsidiary of the Company) and Astral Biochem Private Limited (wholly owned subsidiary of the Company) with Astral Limited ("the Company") sanctioned by the Hon'ble National Company Law Tribunal, Ahmedabad Bench on 5th September, 2022 (effective from 6th September, 2022), the Board of Directors of the Company by passing of circular resolution today allotted 5,32,500 equity shares of the Company to the shareholders of Resinova Chemie Limited (other than the Company) viz. Mr. Sandeep Engineer (jointly with Mrs. Jagruti Engineer), Promoters of the Company.

Accordingly, issued, subscribed and paid up equity share capital of the Company has increased from 20,09,26,179 equity shares of Re.1/- each to 20,14,58,679 equity shares of Re.1/- each.

Source : Equity Bulls

Keywords

Astral SharesAllotment Amalgamation ResinovaChemie AstralBiochem