Bodal Chemicals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 24, 2008, inter alia, to consider and approve Basis of Allotment and allot 52,01,352 Equity shares along with Detachable Warrants as per terms of the Rights Issue of the Company recently concluded.
Bodal Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 09, 2008, has declared an interim dividend @ 20% i.e. Rs 2.00 per equity share of Rs 10/- each and @ 10% i.e. Re 1 per share on 10% Non Cumulative Redeemable preference share of Rs 10/- each for the financial year 2007-08.
Bodal Chemicals Ltd has informed BSE that the Opening and closing date of Rights Issue of Bodal Chemicals Ltd are as follows:
- Opening Date: March 27, 2008
- Closing Date: April 25, 2008.
Bodal Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 26, 2008, has transacted the following businesses:
1. The Board of Directors has approved final Letter of Offer for Right Issue. The terms and conditions of Right Issue are as follows
- Issue Size: Rs 10.40 Crores
- No of Equity Shares: 52,01,352
- Entitlement Ratio: 1 Equity Share with 1 Detachable Warrant for every 2 equity shares held on Record date.
- Issue Price: Rs 20/- per share (including Rs 10/- premium per share)
- Each Detachable warrant is exchangeable into 1 Equity Share of face value of Rs 10/- each for cash at a premium of Rs 10/- per share.
- Warrant Conversion Period: February 01, 2009 to February 28, 2009.
2. Mr. Suresh J Patel, Chairman & M.D. of the Company has been authorized to decide and act upon all matters in this regard till listing of new equity shares & warrants to be
listed under the present Right Offer.
Bodal Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 16, 2008, inter alia, has transacted the following businesses:
- Entitlement Ratio for Rights Issue : 1 Equity Share with 1 Detachable Warrant for every 2 equity shares held on Record date.
- Issue Price : Rs 20/- per share (including Rs 10/- premium per share)
In view of pending incorporation of some of the detail in final Letter of Offer, Board of
Directors has decided to approve final Letter of Offer in the ensuing Board Meeting to be
held on February 26, 2008.
Bodal Chemicals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 16, 2008, inter alia, to transact the following businesses:
1. To consider and approve the final Letter of Offer for the Right Issue of 52,01,352 Equity Shares of Rs 10/- each at premium of Rs 10/- per share with detachable warrant.
2. To fix record date for the Right Issue.
3. Other Right Issue related consequential businesses of giving authorities / empowerments / opening of bank A/c with banker to the issue etc.