Name change to Raj Industries plus preferential share and warrant allotment
ROML · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Board approved changing company name from Raj Oil Mills to Raj Industries, subject to MCA and member approvals. Allotted 10 lakh equity shares at Rs 46 each (face value Rs 10, premium Rs 36), raising Rs 4.60 crore from six non-promoter allottees. Also allotted 10 lakh convertible warrants at Rs 46 each, with 25 percent upfront raising Rs 1.15 crore; balance Rs 34.50 per warrant due within 18 months. Paid-up equity capital rises from Rs 14.99 crore to Rs 15.99 crore.
Equity dilution of about 6.7 percent from preferential issue. Name change hints at a possible business pivot beyond edible oils.