MOREPEN LABORATORIES LTD. - 500288 - Announcement under Regulation 30 (LODR)-Allotment
In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we wish to inform you that the Board of Directors at their meeting held today i.e., Monday, 9th May, 2022 (commenced at 10:30 A.M. and concluded at 11:30 A.M.), inter-alia, approved the allotment of 1,14,65,201, 0.01%, Compulsorily Convertible Preference Shares ('CCPS') of Rs. 100/- each, convertible into 2,13,42,505 Equity Shares of Rs. 2/- each, at an issue price of Rs. 53.72/- per Equity Share, within a maximum period of 18 months in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended.09-05-2022