Shalimar Paints LimitedSHALPAINTSNSE
Fund raising approved
As filed · Outcome of Board Meeting
CapitalNotablemateriality 66 out of 100
What happened
FactTo increase the Authorised Share capital from Rs. 20,00,00,000 (Rupees Twenty crores) divided. face value of ₹ 2/- (Rupees Two only) each at a premium of ₹ 83/- per equity share i.e. at an Issue. up to 41,70,21,987 Equity Shares of face value of ₹ 2/- (Rupees Two only) each at a premium of ₹.
Why it matters
CapitSignal interpretationRaising capital changes the share count or the debt load, and the stated use of proceeds is a commitment that can later be checked.
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Fact- Instrument and amount finally raised
- Stated use of proceeds
- Whether the enabling resolution is actually used
Evidence
How CapitSignal classified this
- Reasoning:
- FUNDRAISE base 58; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%