Regis Industries Ltd to issue 10 lakh shares to Strategic Shares Solutions Pvt Ltd

The Board of Directors of the Regis Industries Limited ("the Company") at their Meeting held today, i.e:, Thursday, February 22,2024, considered and approved the proposal to increase in Authorised -Share Capital and alteration to the Capital Clause of the Memorandum of Association from Rs. 16,25,00,000 (Rupees Sixteen Crores Twenty Five Lakh Only) divided into 1,62,50,000 (One Crore Sixty Two Lakh Fifty Thousand) Equity Shares of Re. 10/- (Rupees Ten only) each to Rs. 20,00,00,000 (Rupees Twenty Crores Only) divided into 2,00,00,000 (Two Crores) equity shares of Re. 10/- (Rupees Ten Only) each and subject to approval by the members.

To accelerate business growth further and to augment the long-term financial resources of the Company through Raising of funds through issue and allotment of up to 10,00,000 (Ten Lakhs) Equity Shares of the Face Value of Rs. 10/- (Rupees Ten Only) each to a Non-Promoter Investor Strategic Shares Solutions Private Limited on preferential basis at an Issue Price of Rs. 110/- (One Hundred Ten Only) including premium of Rs. 100/- (Rupees One Hundred Only) per Share (being the price not less than the minimum price determined with reference to the Relevant Date in accordance with Regulation 164 of the ICDR Regulations aggregating up to maximum amount of Rs. 11,00,00,000/- (Rupees Eleven Crores Only), subject to the approval of regulatory/ statutory authorities and the Members of the Company at ensuing Extra Ordinary General Meeting.

Shares of Regis Industries Ltd was last trading in BSE at Rs. 102.42 as compared to the previous close of Rs. 99.44. The total number of shares traded during the day was 20680 in over 62 trades.

The stock hit an intraday high of Rs. 107.79 and intraday low of 98.31. The net turnover during the day was Rs. 2105579.00.

Source : Equity Bulls

Keywords

RegisIndustries INE745R01016 FundRaising PreferentialIssue StrategicSharesSolutions