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28/02/2024 18:15

Rajshree Polypack - Allotment of Securities

Rajshree Polypack Limited has informed the Exchange regarding allotment of 22898000 securities pursuant to Bonus at its meeting held on February 28, 2024Further to our letter dated February 14, 2024, we hereby inform you that the Board of Directors of the Company have approved resolution by circulation in accordance with Section 175 of the Companies Act, 2013 today i.e. on Wednesday, February 28, 2024 has allotted 2,28,98,000 fully paid-up Bonus Equity Shares of the face value of Rs. 10/- each in the ratio 2 : 1 i.e., Two bonus equity share of Rs. 10/- each fully paid-up for one existing equity share of Rs. 10/- each fully paid-up, held by the shareholders of the Company as on the record date i.e., Monday, February 26, 2024.The Bonus Equity Shares allotted as above shall rank pari-passu in all respect and carry the same rights as the existing equity shares of the Company including dividends and other corporate benefits, if any, declared by the Company after the said allotment.The Bonus Equity Shares shall be credited to the eligible shareholders as the case maybe, within the statutory and regulatory timelines.Please note, the Company received the in-principle approval for allotment of 2,44,48,000 Equity shares from the Stock Exchange. However, the Company has allotted 2,28,98,000 Equity shares. The balance 15,50,000 Equity shares are kept under abeyance which will be allotted to the allottees of preferential share.