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BSE SENSEX
80,604.65
-738.81
-0.91 %
Corporate Announcement
Security Code
511447
Company
Sylph Technologies Ltd
Exchange Received Time
19/06/2024 16:46:47
Exchange Disseminated Time
19/06/2024 16:46:49
Time Taken
00:00:02
Board Meeting Outcome for 'Conversion Of 1,35,00,000 Warrants Into Equal Number Of Equity Shares Of The Company' |
6/19/2024 4:46:49 PM
In furtherance to our communication dated October 31, 2023 w.r.t. to allotment of warrants, in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company in their meeting held today i.e. Wednesday, June 19, 2024, inter-alia, considered and approved the allotment of equity shares on conversion of 1,35,00,000 warrants into 1,35,00,000 equity shares of face value of Re. 1/- each at an issue price of Rs. 3.20 each (including a premium of Rs. 2.20/- per share), to 'Non-Promoters/Public Category', on preferential basis, upon receipt of balance amount aggregating to Rs. 3,24,00,000/- at the rate of Rs. 2.40 (Rupees Two and Forty Paise only) per warrant (being 75% of the issue price per warrant) from the following allottees pursuant to the exercise of their rights of conversion into equity shares in accordance with the provisions of SEBI (ICDR) Regulations, 2018.
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