Allotment of Preference Shares on Private Placement Basis

Gokak Textiles Ltd has informed BSE that the Company on September 27, 2016 has issued and allotted 300,00,000 Non-cumulative Non-convertible, Redeemable Preference Shares of face value Rs. 10 each on private placement basis to the Promoter, Shapoorji Pallonji and Company Private Limited.

The said Preference Shares are not proposed to be listed on stock exchanges.

In view of the above the issue and allotment, the issued, subscribed and paid up capital of the Company has increased from Rs. 46,49,93,080 to Rs. 76,49,93,080 comprising of 64,99,308 equity shares of Rs. 10 each and 7,00,00,000 non cumulative non convertible redeemable preference shares of Rs. 10 each.

Pdf Link: >Allotment of Preference Shares on Private Placement Basis

Source : BSE - >www.bseindia.com

Published on September 28, 2016
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