Desh Rakshak Aushdhalaya Completes Rs 27.72 Crore Preferential Allotment
Desh Rakshak Aushdhalaya Limited, an Ayurvedic and herbal product manufacturer, completed a preferential allotment of 12,60,000 equity shares to non-promoter category investors, raising Rs 27.72 crore. The shares were issued at Rs 22 per share, including a premium of Rs 12. The Board approved the allotment on September 9, and the company has applied to BSE Limited for trading approval of the newly issued shares.

*this image is generated using AI for illustrative purposes only.
Desh Rakshak Aushdhalaya Limited , a manufacturer of Ayurvedic and herbal products, has successfully completed a preferential allotment of equity shares, raising Rs 27.72 crore. The company, established in 1901 and based in Haridwar, Uttarakhand, made this announcement in a recent filing with the BSE Limited.
Details of the Preferential Allotment
Particulars | Details |
---|---|
Number of Shares Allotted | 12,60,000 |
Face Value per Share | 10.00 |
Issue Price per Share | 22.00 |
Premium per Share | 12.00 |
Total Capital Raised | 27.72 |
Allottee Category | Non-promoter |
Mode of Payment | Cash |
Key Points of the Allotment
- The Board of Directors approved the allotment on September 9.
- The company has filed an application with BSE Limited for trading approval of these newly issued shares.
- The allotment was conducted in compliance with the Companies Act 2013 and SEBI regulations.
Corporate Action Timeline
- September 9: Board approval for the preferential allotment
- October 18: Intimation to BSE Limited regarding the completed allotment and application for trading approval
This preferential allotment represents a significant corporate action for Desh Rakshak Aushdhalaya Limited. The infusion of Rs 27.72 crore through this equity issuance to non-promoter category investors may potentially impact the company's capital structure and provide additional funds for its operations or expansion plans.
Investors and market participants are advised to monitor further announcements from the company regarding the utilization of these funds and any potential impact on the company's business strategy or financial position.
Historical Stock Returns for Desh Rakshak Aushdhalaya
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-100.00% | 0.0% | -100.00% | -100.00% | -100.00% | -100.00% |