Preferential Issue Cancelled — No Shares Allotted to Krina Creation
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board noted that the proposed preferential issue of 32 lakh equity shares at Rs. 28.20/share (aggregating ~Rs. 9.02 crore) to Krina Creation Private Limited (non-promoter) has not been implemented. The proposed allottee withdrew from the investment due to delays in receiving BSE In-Principle Approval and did not remit subscription money. No shares were allotted, paid-up capital remains unchanged at Rs. 15.04 crore (1.50 crore shares of Rs. 10 each), and the shareholding pattern is unaffected. The company may explore a fresh preferential issue or other fund-raising route later.
No dilution for existing shareholders; planned ~Rs. 9 crore raise falls through. Company may attempt a fresh capital raise in the future.