NIKS Technology Ltd allots 25000 shares to Aumit Capital Advisors Ltd

The Board of Directors of NIKS TECHNOLOGY LIMITED at their meeting held today i.e., 18th July, 2024 has, considered and approved the allotment of 25,000 Equity Shares of face value of INR 10/- each pursuant to conversion of 25,000 Fully Convertible Equity Warrants (Warrants') out of 1,00,000 Fully Convertible Equity Warrants (Warrants), issued and allotted as on December 01, 2023 respectively at an issue price of INR 300/- each, by way of preferential allotment, to Aumit Capital Advisors Limited belonging to Public - Non-Institutional - Body Corporate category.

Further, remaining 50,000 Fully Convertible Equity Warrants, will be converted to Equity Shares within 18 (eighteen) months from the date of allotment of the Equity Warrants on the payment of the specified consideration against each warrant.

Consequent to the allotment of above mentioned Equity Shares, the paid-up equity share capital of the Company stands increased from INR 42,50,000/- divided-into 4,25,000 Equity Slares of face value of INR 10/- each to INR 45,00,000/- divided 4,50,000 Equity Shares of face value of INR 10/- each.

Shares of Niks Technology Limited was last trading in BSE at Rs. 448.90 as compared to the previous close of Rs. 472.50. The total number of shares traded during the day was 300 in over 1 trades.

The stock hit an intraday high of Rs. 448.90 and intraday low of 448.90. The net turnover during the day was Rs. 134670.00.

Source : Equity Bulls

Keywords

NiksTechnology INE0GX601011 Software Consulting SharesAllotment WarrantsConversion AumitCapitalAdvisors