Event Date: November 3, 2024
RESOLVED THAT, the Board of Directors of Matrix Gas and Renewables Limited, in a meeting held on March 14th, 2024, approved the allotment of 15,65,000 Equity Shares on a private placement basis, as per Section 23 and 42 of the Companies Act, 2013, its Articles of Association, resolution passed on March 11, 2024 and the Private Placement Offer letter also dated March 11, 2024. These shares, with a face value of Rs. 10 per share and a premium of Rs. 390 per share, amount to Rs. 62,60,00,000. The Board has the discretion to allot the shares pari passu with existing shares to the individuals/entities listed.
The document then specifies the allottees:
Each share has a face value of INR 10 and an issue price of INR 400.
Furthermore, the Board authorized any director of the company to take necessary actions to effect the resolution, including crediting the equity shares in electronic form or issuing share certificates, adhering to the Companies Act, 2013, and its Articles of Association, payment of stamp duty, and other actions related to issuance and allotment.
Any Director is also authorized to take all steps necessary for the allotment, including issuing letters of allotment, share certificates, paying stamp duty, liaising with NSDL/CDSL for credit of shares into demat accounts, filing return of allotment with the Registrar of Companies, and all other necessary actions.
Finally, the Board authorized any Director to make necessary filings of forms and documents with the concerned authorities, including the Registrar of Companies (ROC) in the prescribed format. The resolution also specifies that a certified true copy of the resolution can be furnished to concerned authorities upon request. Anmol Singh Jaggi, Managing Director, certified the document as a true copy.
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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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Yes, unlisted shares can eventually be listed on a stock exchange through an Initial Public Offering (IPO). This process allows the company to offer its shares publicly and be traded on major exchanges, potentially increasing liquidity and visibility.
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.
The value of unlisted shares is typically determined by private transactions, financial reports, and market demand. We provide the latest updates on share prices of unlisted companies, giving you the most accurate valuation available.
The minimum investment for unlisted shares can vary depending on the company and broker. Generally, the minimum investment is higher than for listed stocks, but we provide detailed information to help you make the best investment decisions.
Yes, unlisted shares may pay dividends if the company has declared them. However, since these companies may be in their growth stage, dividend payments are not always guaranteed. It's important to check the company's financial health before investing.
It's important to conduct thorough research on the company's financials, management, market potential, and overall business model. You can also seek professional advice from experts to help you choose unlisted shares with strong growth prospects.
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.
