Desh Rakshak Aushdhalaya Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/09/2025 ,inter alia, to consider and approve Pursuant to Reg 29 ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Desh Rakshak Aushdhalaya Limited, a Haridwar-based Ayurvedic and herbal products maker listed on BSE, has informed that its Board of Directors will meet on Tuesday, September 9, 2025 at 1:00 PM. The main agenda is to consider and approve a preferential allotment of 12,60,000 equity shares of face value Rs. 10 each at Rs. 22 per share (including a Rs. 12 premium) to identified non-promoter allottees on a cash basis. This issue has already been approved by shareholders and will be carried out under the Companies Act, 2013 and SEBI (ICDR) Regulations, 2018. The company was established in 1901 and its shares trade under BSE scrip code 531521.
If approved, this preferential issue will raise approximately Rs. 2.77 crore but will dilute existing shareholders' stakes, since the new shares are being issued to non-promoter allottees. The Rs. 22 issue price represents a 120% premium over the Rs. 10 face value, though whether it is at a premium to the current market price will determine the actual dilution cost for current holders.