B.C. Power Controls: Announcement under Regulation 30 (LODR)-Preferential Issue | Value Research

B.C. Power Controls: Announcement under Regulation 30 (LODR)-Preferential Issue

BC Power has informed the BSE the the Board of Directors in their meeting held today on 29.08.2022 subject to approval of shareholders of the Company and other regulatory authorities considered and approved for issuance of 1 10 00 000 (One Crore Ten Lakh) fully paid Equity Shares of face value of Rs. 02/- (Rupees Two only) each on Preferential Basis to the persons belonging to the Promoter/ Promoter Group Category at a price of Rs. 05.65/- per Equity Share (including premium of Rs. 03.65/- per share) total amounting to Rs. 6 21 50 000/- (Rupees Six Crore Twenty One Lakh Fifty Thousand Only) in accordance with the applicable provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018 (SEBI ICDR Regulations) (including any statutory modification(s) or re-enactment thereof for the time being in force) and other applicable laws.

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