Alliance Integrated Metaliks Ltd allots 1,55,25,000 shares on conversion of CCPS

As per the receipt of notices of conversion rights exercised by the CCPS holder, pursuant to the special resolution passed by the Shareholders of the Company at the meeting held on 29th August, 2023, and in compliance of all other applicable provisions of the Companies Act, 2013, the Board of Directors of the Company at its meetings held today ie. Monday, 22nd January, 2024, approved the allotment of 1,55,25,000 (One Crores fifty five lakhs twenty five thousand only) to First Forge Limited, pursuant to the full conversion of 6,21,00,000 1% Compulsorily Convertible Preference Shares (CCPS) into Equity Shares having face value of Rs. 1/- each.

The new equity shares so allotted pursuant to the said conversion, shall rank pari passu with the existing equity shares of the Company in all respects. The Equity Shares allotted on the said conversion are subject to such lock-in as prescribed under Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (as amended).

Source : Equity Bulls

Keywords

AllianceIntegratedMetaliks SharesAllotment CCPSConversion FirstForge