Board approves preferential allotment to promoter group, fixes AGM date
AMBICAAGAR · price
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Board allotted 8,48,600 equity shares to four promoter group members on a preferential basis at Rs. 25 per share (face value Rs. 10, premium Rs. 15), raising about Rs. 2.12 crore. Allottees: Satrasala Lavanya Gupta, Perla Ambica Ramachandran, Alapati Karthik Hanuma Kumar, and Alapati Lakshmana Ramachandra Ambica Eswar, each getting 2,12,150 shares. Board also fixed 31st AGM on 29 September 2026 and appointed a scrutinizer for the voting process.
Modest promoter group capital infusion of around Rs. 2.12 crore; slight equity dilution for existing public shareholders but signals promoter confidence.