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Roto Pumps
BSE: 517500NSE: ISIN: INE535D01029

7th-Dec-2021 21:06Source: BSE

Roto Pumps - Announcement under Regulation 30 (LODR)-Allotment

1. Pursuant to the approval granted by the members of the Company through postal ballot by remote e-voting on 19th May 2021 and 'In-principle Approval' granted by the BSE on November 24, 2021, the Board of Directors of the Company vide its Circular Resolution dated December 07, 2021 has allotted 2,50,000 Warrants Convertible into equity shares of the Company to the allottees belonging to promoter and promoter group at a price of 142.11 per warrant with a right to the warrant holder to apply for and be allotted one equity share of the face value of Rs 2 each of the Company at a premium of 140.11 per share for each warrant within a period of 18 months from the date of allotment of the Warrants, aggregating to Rs. 3,55,27,500/- on preferential basis.
2.The Board of Directors of the Company vide its Circular Resolution dated December 07, 2021 also approved for listing of shares of the Company on National Stock Exchange.

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