Shish Industries Ltd - 540693 - Outcome Of Board Meeting Held On Today I.E. On September 14, 2020, In Terms Of Second Proviso To Regulation 30(6) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Pursuant to the approval of the shareholders through postal ballot, and pursuant to the receipt of the application money, we wish to inform you that the board of directors of Shish Industries Limited at its meeting held on today has inter alia considered and approved the issue and allotment of 152767 equity shares of face value Rs. 10 each, for cash, at a price of Rs. 50.00 per equity share (including a premium of Rs. 40 per equity share), aggregating to Rs. 76,38,350 by way of a preferential issue to the promoters of the Company.Consequently, the issued, subscribed and paid-up equity share capital of the Company stands increased to Rs. 4,59,50,000 (divided into 4595000 equity shares of face value Rs.10 each) from Rs. 4,44,22,330 (divided into 4442233 equity shares of face value Rs.10 each). Equity shares allotted on the preferential allotment basis shall rank pari passu with the existing equity shares of the Company in all respects.14-09-2020