Prudential Sugar Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/05/2025 ,inter alia, to consider and approve Further to our ....
PRUDMOULI · price
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Awaiting price reaction for this filing.
Prudential Sugar Corporation has called a Board Meeting on May 31, 2025 at 1:00 P.M. to discuss matters related to a preferential issue of 1,25,00,000 (1.25 crore) equity shares to non-promoters. The e-voting process for this preferential issue was previously rescheduled as directed by the Stock Exchange. The Board will consider convening an Extra-Ordinary General Meeting (EGM) of shareholders on June 28, 2025 via video conferencing. It will also approve the EGM notice and appoint Ms. Ekta Goswami as Scrutinizer for the remote e-voting process.
This is a procedural filing paving the way for a 1.25 crore equity share preferential issue to non-promoters, which will dilute existing shareholders' holdings. The actual impact on share price will depend on the issue price and valuation, which are not yet disclosed.