Announced Mon, 29 Jun · 15:27 IST
Ajooni Biotech board approves preferential issue to promoter, capital hike
Board & Shareholder Meetings View source PDF
AJOONI · price
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Price reaction · full curve 14 horizons · vs prior close
-1.4%1-day move
₹3.70
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AI summary
Ajooni Biotech board raised authorized capital from Rs 50 Cr to Rs 70 Cr. It also approved issuing 90 lakh equity shares to promoter Healthy Biosciences Limited on preferential basis at Rs 4.30 per share, totaling Rs 3.87 Cr. Post-issue, promoter holding rises from 26.89% to 30.53%. MD remuneration revision deferred. Book closure July 23 to 29 for the 16th AGM on July 29 via video conferencing. E-voting cut-off is July 17.
Likely market impact
Promoter stake rises to 30.53% post-issue; public holding dips to 69.47%. Shareholder approval needed at AGM on July 29.