The Board of Directors of Dhampure Specialty Sugars Ltd had, pursuant to the approval of shareholders in the EGM held on February 28, 2018 and other necessary regulatory approval and requirements allotted 11,86,000 warrants convertible into equitable number of equity shares on preferential basis to Promoter group on March 10, 2018.
The warrant holders have paid the balance the consideration and have applied for exercising their right for Conversion of 3,95,000 warrants into equivalent number of equity shares.
Consequently, the Board of Directors in its meeting held today i.e on 16st March 2019 has issued and allotted 3,95,000 Equity shares of face value of Rs. 10/- each at an issue price of Rs 17/- to the warrant holder Mr. Sorabh Gupta.
Subsequent to the aforesaid allotment, the paid up capital of the Company has increased from Rs. 7,53,62,000/- to Rs. 7,93,12,000/-comprising of 79,31,200 Equity Shares of face value of Rs. 10 each.
Shares of DHAMPURE SPECIALITY SUGARS LTD. was last trading in BSE at Rs.16.8 as compared to the previous close of Rs. 16. The total number of shares traded during the day was 7903 in over 26 trades.
The stock hit an intraday high of Rs. 16.8 and intraday low of 16.6. The net turnover during the day was Rs. 132672.