TCM Ltd board to consider rights issue on Oct 7, 2021

A meeting of the Board of Directors of TCM Ltd is scheduled to be held on Thursday, the 07th October, 2021 at 10:00 A.M. at the Registered Office - 28/2917, 'Aiswarya', Shanthi Nagar, Ponneth Temple Road, Kadavanthra, Kochi - 682 020, to discuss, decide and pass resolution to offer, issue and allot Equity shares or any other security convertible/ exercisable into Equity shares of the Company by way of Rights issue to the existing shareholders of the Company on a record date, to be decided later.

The board will decide to issue fresh share certificates to the existing physical shareholders with new distinctive numbers against the already possessed physical share certificates so as to upload complete details of the Distinctive Numbers with the Depository Participants.

The board will also consider any other matter with the permission of the Chair.

Shares of TCM Ltd. was last trading in BSE at Rs. 59.5 as compared to the previous close of Rs. 57.1. The total number of shares traded during the day was 454 in over 10 trades.

The stock hit an intraday high of Rs. 59.95 and intraday low of 56.5. The net turnover during the day was Rs. 25942.

Source : Equity Bulls

Keywords