Outcome of board meeting of Shree Pushkar Chemicals & Fertilizers

Held on 27 August 2018

The Board of Shree Pushkar Chemicals & Fertilizers has approved the following -

1. Issue and allot 1,12,572 Equity Shares of Rs. 10/- each in consideration of acquisition of equity shares of Kisan Phosphates under Memorandum of Understanding dated September 15, 2017 on a preferential basis to Raghav Makharia & Aradhana Makharia (Shareholders of Kisan Phosphates and members of Promoter & Promoter Group) at an Issue Price of Rs. 208.10/-;

2. Issue and allot warrants of an Investment aggregating upto Rs.15 crore, convertible into Equity Shares for cash, at an Issue Price of Rs. 208.10/- each, on a preferential basis to members of Promoter and Promoter Group of the Company;

 

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