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Preferential Allotment worth Rs. 50 lakh approved by shareholders

21 June 2022

Preferential Allotment (Through Private Placement) for consideration other than cash worth Rs. 50,00,000 approved by shareholders of Hal Clyde Denison Limited in general meeting held on 21 June 2022. The Allotment will be done within 30 days of the AGM at a price of Rs. 4.00 per equity share of face value Rs. 2.00. A total of 12,50,000 shares will be issued to Parikshit Singh who is the promoter of the Company. The mentioned shares will be issued in dematerialized form through CDSL.

Please contact: office@hcden.com for more information.


HCDEN Insights reflect the opinions of only the authors who are associated persons of the company and do not reflect the views of Hal Clyde Denison Limited or any of its subsidiaries or affiliates. They are for informational purposes only, and are not a recommendation of an investment strategy or to buy or sell any security, digital asset (cryptocurrency, etc) in any account. They are also not research reports and are not intended to serve as the basis for any investment decision.

All investments involve risk including the loss of principal and past performance does not guarantee future results.

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