Choksi Asia Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2025 ,inter alia, to consider and approve Audited Financial Results for the ....
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Choksi Asia Ltd (formerly Choksi Imaging Limited) has informed BSE that its Board of Directors will meet on May 29, 2025. The Board will consider and approve audited financial results for the quarter and full financial year ended March 31, 2025. Additionally, it will approve the allotment of 27,51,000 equity shares (Rs. 10 face value) and 9,97,545 non-convertible, non-cumulative redeemable preference shares (Rs. 54 par value) to shareholders of the Transferor Company as per the record date of April 24, 2025, pursuant to a scheme of amalgamation. The Board may also take up any other business with the Chairperson's permission. The document does not include any actual financial numbers since this is only a prior intimation.
Investors should watch for the FY25 audited results on May 29 for actual financial performance. The share allotments indicate completion of an amalgamation, which will dilute existing equity but also bring in the transferor company's business, so investors should review the swap ratio and combined entity's prospects post-merger.