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News Details

( 07 Nov 2017)
TCI Industries L - Allotment

Sub.: Allotment of 1,250, 0% Non-Convertible Redeemable Preference Shares (NCRPS) on preferential basis to Promoter(s) and Promoter Group Company(ies) of the Company.

Dear Sir/ Ma'am,

Pursuant to the Members approval accorded through Postal Ballot on October 30, 2017, the Share Allotment Committee of the Board of Directors of the Company at its meeting held today i.e. November 07, 2017 has issued and allotted 1250, 0% Non-Convertible Redeemable Preference Shares (NCRPS) of Face Value of Rs. 100/- (Rupees Hundred only) each at a premium of Rs. 300/- (Rupees Three Hundred only) each to Mr. Utsav Agarwal, Promoter of the Company.

As the Company allotted Non-Convertible Redeemable Preference Shares, there is no change in the paid-up equity share capital of the Company. The said shares shall not be convertible into equity shares, accordingly, the same shall not be listed with any Stock Exchange.

The Exchange is hereby requested to take note of and disseminate the same.