Phyto Chem India Ltd approves rights issue

The Board of Directors of M/s Phyto Chem (India) Limited held on 15th April 2023, the Board has approved the proposal for increase of Authorised capital of the Company from Rs.13,50,00,000/- (Rupees Thirteen Crore Fifty Lakhs Only) divided into 1,35,00,000/- (One Crore Thirty Five Lakhs Only) Equity Shares of Rs. 10/- (Rupees Ten Only) each to Rs.24,50,00,000/- (Rupees Twenty Four Crores Fifty Lakhs Only) divided into 2,45,00,000 (Two Crore Forty Five Lakhs) Equity Shares of Rs. 10/- (Rupees Ten Only) each.

The board has approved the proposal of Rights Issue of the Company upto 2,00,00,000 (Two Crore) Equity shares of Rs 10/- each.

The board also approved the proposal for alteration of objects clause of the Memorandum of Association (MOA) of the Company.

Shares of PHYTO CHEM (INDIA) LTD. was last trading in BSE at Rs. 42.96 as compared to the previous close of Rs. 42.85. The total number of shares traded during the day was 10802 in over 118 trades.

The stock hit an intraday high of Rs. 44.80 and intraday low of 40.71. The net turnover during the day was Rs. 455462.00.

Source : Equity Bulls

Keywords

PHYTOCHEMINDIA INE037C01010 FundRaising RightsIssue