Servotech Renewable Power System LimitedSERVOTECHNSE
Allotment of 200000 securities pursuant to Preferential Issue at its meeting held on April 07, 2025
As filed · Servotech Renewable Power System Limited has informed the Exchange regarding allotment of 200000 securities pursuant to Preferential Issue at its meeting held on April 07, 2025
CapitalWatchNotablemateriality 74 out of 100
What happened
FactServotech Renewable Power System Limited has informed the Exchange regarding allotment of 200000 securities pursuant to Preferential Issue at its meeting held on April 07, 2025. amount aggregating to Rs. 1,25,10,000/- at the rate of Rs. 62.55 per warrant (being 75% of the. of Rs. 83.40/- per warrant on payment of Rs.20.85 per warrant, being 25% of the Issue Price,.
Why it matters
CapitSignal interpretationShares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
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Fact- Who the allottees are
- Issue price versus market price
- Lock-in period on the new shares
Evidence
How CapitSignal classified this
- Reasoning:
- PREFERENTIAL_ALLOTMENT base 66; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%