Ok Play board approves allotment of shares to promoter - Details
The allotment, part of the tenth tranche, will occur on a preferential basis at a price of Rs 6.021 per share, which includes a premium of Rs 5.021 per share.
Ok Play India, a company which is engaged in the manufacturing of plastic moulded products, has informed exchanges that its board has approved the allotment of 1 crore equity shares to promoter Anandana Handa.
The allotment, part of the tenth tranche, will occur on a preferential basis at a price of Rs 6.021 per share, which includes a premium of Rs 5.021 per share, in compliance with SEBI regulations.
"The Board at its meeting held today accorded its approval for allotment of Equity Shares (pursuant to conversion of warrants) to Specified investor ("Allottee") in its Tenth tranche of allotment," the company said in an exchange filing.
The company has also stated that its shares underwent a split effective March 11, 2024. As a result, each equity share of the company with a value of Rs 10 is divided into ten equity shares with a value of Rs 1 each.
Earlier, the company revealed a net profit growth of 140 per cent year-on-year in Q1 FY 2024-25.
For the quarter, OK Play India achieved a net profit of Rs 0.87 crore as compared to Rs 0.36 crore in the same quarter the previous year.
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