Further to the rights issue of the Company, the Board of Directors of Ishan Dyes & Chemicals Ltd has, at its meeting held on today, i.e., August 23, 2019, approved the allotment of 47,03,447 Equity Shares of Rs. 10/- each at a price of Rs. 27/- per Equity Share pursuant to the Rights Issue of Eq uity Shares of the Company in terms of Letter of Offer dated June 29, 2019.
Pursuant to aforesaid allotment. the issued, subscribed and paid up share capital of the Company has been increased from Rs. 11,26.47.000/- divided into 1,12.64,700 Equity Shares of Rs. 10/- each to Rs.220.127.116.110/- divided into 18.104.22.168 Equity Shares of Rs.10/- each.