HLE Glascoat board to mull fund raising on 6th June
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The company's board will meet on 6 June 2022 to consider fund raise via equity.
The board will consider raising funds by issuance of equity shares/instruments convertible into equity through qualified institutional placement (QIP), preferential allotment or such other permissible mode or combinations thereof as may be decided, subject to regulatory/ statutory approvals including approval of shareholders, if required.On 6 June 2022, the board will also consider sub-division of equity shares of the company.
HLE Glascoat is a leading manufacturer of process equipment for the chemical and pharmaceutical industries.
On a consolidated basis, net profit of HLE Glascoat rose 30.22% to Rs 23.31 crore on 68.97% rise in net sales to Rs 249.23 crore in Q4 March 2022 over Q4 March 2021.
Shares of HLE Glascoat fell 0.44% to Rs 3423.25 on Wednesday.
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First Published: Jun 02 2022 | 8:51 AM IST