Rushil Decor ltd. fixes first call money of Rs 12.50 for rights issue of equity share.
The Ahmedabad based company stated in its BSE regulatory filing. “The Board of Directors of the Company at their meeting held today, i.e. 31st October 2020 in accordance with the disclosures made in the Letter of Offer dated 7th September, 2020 (the “Letter of Offer”) and in compliance with the provisions of the Companies Act, 2013 and the rules framed thereunder, the rules and regulations framed by the Securities and Exchange Board of India, Articles of Association and other applicable laws, has inter-alia:
- Decided to issue the Notice of First Call for receipt of First Call money of Rs.12.50 (consisting of Rs.2.50 towards the face value and Rs.10 towards Securities Premium) per Rights Equity Share issued and allotted pursuant to the Rights Issue of the Company.
- Fixed 11th November, 2020 as the Record Date for the purpose of determining the shareholders of the Rights Equity Shares to whom the call notices will be dispatched for payment of the first call on the Rights Equity Shares.
- Decided the last date for payment of first call for the eligible equityshareholders is 2nd December, 2020 (the Board of Directors may from time to time, at its discretion, extend the time fixed, for the payments of the Call).”
