Nitco Ltd

Nitco Ltd

Nitco Ltd has allotted 55,05,935 equity shares to Mr. Vivek Prannath Talwar, promoter, chairman and managing director, upon conversion of share warrants. The issue price was Rs. 92.25 per share, with 25% received at the time of subscription and allotment, and the balance 75% received at the time of exercise of option of conversion of warrants. The equity shares shall rank pari-passu with existing equity shares of the Company in all respects.

Nitco Ltd

Nitco Ltd has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, regarding Vivek Talwar's acquisition of convertible warrants and shares in the company.

Nitco Ltd

Nitco Ltd has made a disclosure under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015, revealing changes in shareholding of its promoter, Vivek Talwar, who has acquired 65,04,000 equity shares through a preferential allotment, increasing his holding to 11.53%.

Nitco Ltd

Nitco Ltd has allotted 65,04,065 equity shares to its promoter, Vivek Prannath Talwar, upon conversion of 65,04,065 convertible warrants. The warrants were issued on January 27, 2025, at an issue price of Rs. 92.25 per warrant, with 25% of the issue price received at the time of allotment and the balance 75% received upon exercise of the option to convert the warrants into equity shares.

Nitco Ltd

Nitco Ltd has received an order from the Pollution Control Committee to pay ₹14,25,000 as environmental compensation for non-compliance with environmental standards. The company has already paid the compensation.