Duroply Industries Ltd approves allotment of shares

The Allotment Committee of the Board of Directors of Duroply Industries Ltd, at its meeting held today i.e., March 25, 2023, have considered and approved the allotment of 2,78,224 equity shares of face value of Rs. 10/- each fully paid up, pursuant to part conversion of 2,78,224 warrants out of total 11,91,032 warrants allotted to Promoters on preferential allotment basis on September 02, 2022 at the issue price of Rs. 126 per shares and upon the receipt of balance 75% of the subscription money.

The above equity shares allotted on conversion of warrants, shall rank pari passu in all respects with the existing equity shares of the Company. Consequent to the aforesaid allotment, the paid up Equity Share Capital of the Company stands increased from Rs. 7,49,47,100/- to Rs 7,77,29,340/-.

Shares of Duroply Industries Ltd was last trading in BSE at Rs. 126.70 as compared to the previous close of Rs. 129.95. The total number of shares traded during the day was 159 in over 12 trades.

The stock hit an intraday high of Rs. 132.85 and intraday low of 126.35. The net turnover during the day was Rs. 20540.00.

Source : Equity Bulls

Keywords

DuroplyIndustries INE932D01010 SharesAllotment WarrantsConversion