Please find enclosed herewith intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Redemption of Unlisted Class-2 0% Non-cumulative ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The company redeemed 16,380 unlisted Class-2 preference shares with a face value of Rs. 10 each at Rs. 12,500 per share, totaling approximately Rs. 20.48 crore. This redemption was approved by the Redemption Committee and was funded through proceeds from a fresh equity share issue made pursuant to conversion of warrants. The redemption price of Rs. 12,500 per share represents a significant premium over the face value of Rs. 10. The redemption follows an earlier board resolution dated April 3, 2025.
This is a preference share redemption event rather than an equity buyback or dividend. While it reduces the company's preference share liability, the nature of this transaction does not directly affect equity shareholders or trading liquidity as the shares were already unlisted.