Event Date: N/A
The document is a certified true copy of a resolution passed at the Board of Directors meeting of KINECO LIMITED held on Thursday, June 6, 2024, at 8:00 A.M. at Plot No. 41, Pilerne Industrial Estate, Pilerne, Bardez, Goa. The resolution concerns the allotment of 9,39,168 equity shares of the company through a preferential issue on a private placement basis.
Resolution Details:
The resolution, made pursuant to Section 62(1)(c) of the Companies Act, 2013, read with relevant rules and regulations, approves the allotment of 9,39,168 (Nine Lakh Thirty Nine Thousand One Hundred and Sixty Eight) equity shares with a face value of Rs. 10/- (Rupees Ten Only) each, at a premium of Rs. 927/- (Rupees Nine Hundred and Twenty Seven Only). The total aggregate amount is Rs. 88,00,00,416 (Rupees Eighty Eight Crores Four Hundred and Sixteen Only). The shares are to be allotted via preferential and private placement to specific investors who have duly submitted their share application money.
List of Investors and Allotment Details:
The document then lists the names of 81 investors (subscribers) along with the number of shares to be allotted to each and the nominal value (Rs. 10) of each share. Some investors are individuals, while others are companies or firms. A sample from the list includes:
and continues with 73 more investors.
Further Resolutions:
The document also specifies that the newly allotted equity shares will rank pari-passu (equally) with the existing shares of the company and are subject to the provisions of the Memorandum and Articles of Association of the Company. Furthermore, any Director or Key Managerial Personnel are authorized to perform necessary actions for crediting the equity shares to the demat accounts of the allottees, including signing and filing required documents such as the return of allotment in Form No. PAS-3. They are also authorized to issue certified copies or extracts of the resolution and affix the Common Seal of the Company, if necessary.
The document is certified as a true copy by Manisha Naik, Company Secretary, and the place is Pilerne, Goa, with the date being June 6, 2024.
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Our blog provides insightful information about unlisted shares, offering a deeper understanding of how these assets work, their potential benefits, and the risks involved. Whether you're new to unlisted shares or looking to expand your knowledge, we cover topics such as investment strategies, valuation methods, market trends, and regulatory aspects. Stay updated with expert tips and guides to navigate the unlisted share market effectively.
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Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
