PTC Industries Limited board approves rights issue

The Listing Committee of the Board of Directors of M/s PTC Industries Limited in their meeting held on October 04, 2021 (commenced at 05.30 pm & closed at 06.00 pm), approved the rights issue of equity shares of the Company.

In line with the decision of the Board of Directors of the Company in their meeting held on August 13, 2021 regarding the issuance of equity shares of face value of Rs. 10/- each of the Company on rights basis to eligible equity shareholders of the Company as on the record date (to be notified later), whereby the Board authorised 'Listing Committee' to decide detailed terms and conditions of the Issue, including but not limiting to the deciding the payment modalities / schedule thereof, issue price, rights entitlement ratio, record date, timing, other terms and conditions and all other related matters etc., the Listing Committee has decided to seek approval of shareholders of the Company for issue of additional Equity Shares on rights basis, upto an amount not exceeding Rs. 20/- crore (Rupees Twenty Crore Only), at ensuing 58th Annual General meeting of the Company. Other terms shall be decided by the Board / Committee in due course.

Shares of PTC Industries Ltd. was last trading in BSE at Rs. 3147.5 as compared to the previous close of Rs. 3130.95. The total number of shares traded during the day was 1061 in over 97 trades.

The stock hit an intraday high of Rs. 3199 and intraday low of 3113. The net turnover during the day was Rs. 3347069.

Source : Equity Bulls

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