- TFCIL
In continuation to our letter dated March 22, 2024 and March 23, 2024, this is to informt you that the Board of Directors of the Company at its meeting held on April 5, 2024 has approved allotment of 22,23,000 fully paid up equity shares of Rs.10 each at price of Rs.225 per share (inclusive of premium of Rs.215 per share) to Mr. Aditya Kumar Halwasiya on a preferential basis in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The above allotment is made in pursuance to the special resolution passed by the shareholders in the Extra-Ordinary General Meeting of the Company held on March 22, 2024 approving preferential issue of upto 88,91,000 equity shares of Rs.10 each at issue price of Rs.225 per share and in-principle approvals received from BSE Ltd. and National Stock Exchange of India Ltd. The requisite
details as required in terms of SEBI circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 are provided at Annexure I. Consequent to the above allotment, the issued, subscribed and paid-up share capital of the Company stands increased to Rs.92,59,54,480/comprising of 9,25,95,448 equity shares of face value of Rs.10/- each.
2. Further, Shri Ghanshyam Das Mundra, (DIN: 00035877), Non-Executive Director has resigned from the Board with effect from April 5, 2024 and the same has been approved by the Board of Directors. The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/POD2/CIR/P/2023/120 dated 11″ July 2023 are given in Annexure II.
The Board Meeting commenced at 6.30 p.m., IST and concluded at 7.35 p.m., 1ST.
This is for your information and record.