The Share Allotment Committee of the Board of Directors of TCI Industries Ltd at its meeting held today i.e. November 26, 2019 has issued and allotted 2,500, nos. of 0% Non-Convertible Redeemable Preference Shares (NCRPS) of Face Value of Rs. 100/- (Rupees Hundred only) each at a premium of Rs. 300/- (Rupees Three Hundred only) each to Mrs. Kanika Agarwal, a person belonging to the Promoter and Promoter Group of the Company for cash.
As the Company allotted Non-Convertible Redeemable Preference Shares, there is no change in the paid-up equity share capital of the Company. The said shares shall not be convertible into equity shares, accordingly, the same shall not be listed with any Stock Exchange.