Mangalam Seeds Ltd approves allotment of 1188000 shares at Rs. 72

The Board of Directors of Mangalam Seeds Ltd at its meeting held on June 22, 2016 at 04:00 P.M. have approved the allotment of 11,88,000 Equity Shares at the face value of Rs. 10/- each at an issue price of Rs. 72/- each (including premium of Rs. 62/- each) on preferential basis to Promoters and Non-Promoters pursuant to the approval of members of the Company in General Meeting and in-principle approval from the Stock Exchange.

The Board also approved the appointment of Ms. Monika Bhatia, Practising Company Secretary as the Secretarial Auditor for the F.Y. 2015-16.

Source : Equity Bulls

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