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Biogen Pharmachem Industries Ltd
Board Meeting Outcome for Outcome Of Board Meeting Held On Today 21.03.2025 - Preferential Allotment Of Equity Warrants
04:40 PM, 21st Mar 2025
We wish to inform that the Board of Directors in their meeting held today i.e. March 21 2025 inter-alia considered and approved the following items:1. Allotment of 250000000 (Twenty-Five Crore Only) equity share warrants to non-promoters on Preferential Basis at an issue price of Rs. 1.68/- (Rupees one and sixty-eight paise) each upon receipt of other 5% of the total consideration.The above said allotments have been made in accordance with the terms mentioned in the notice of Postal Ballot dated 13.08.2024 and in compliance with the applicable provisions of the Companies Act 2013 and SEBI (ICDR) Regulations.Disclosures pursuant to the Regulation 30 of the SEBI (LODR) Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9 2015 is attached as Annexure A. The meeting commenced at 04:00 P.M. and concluded at 04:30 P.M.This is for your information.
