Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
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Fact
Admission or rejection of the application by the tribunal
the Company of face value of ₹5/- each at a price of ₹404/- per equity share, on a proportionate. (Buy-Back of Securities) Regulations, 2018 (the “SEBI Buyback Regulations”) as amended.
Why it matters
CapitSignal interpretation
A buyback returns cash by retiring shares, so the benefit to a holder depends on the price paid, how many of their shares are accepted, and what the stub is worth afterwards.
Accordingly, in the Standalone Financial Results (at Sr. No. XII), the figure of Diluted EPS (in Rs.). And, in the Consolidated Financial Results (at Sr. No. XIV), the figure of Diluted EPS (in Rs.). audited figures or disclosures made elsewhere in the financial results.
Why it matters
CapitSignal interpretation
Reported results are the point at which prior management commitments become checkable against audited or reviewed numbers.
A buyback returns cash by retiring shares, so the benefit to a holder depends on the price paid, how many of their shares are accepted, and what the stub is worth afterwards.
What happened
Fact
the Company of face value of ₹5/- each at a price of ₹404/- per equity share, on a proportionate. (Buy-Back of Securities) Regulations, 2018 (the “SEBI Buyback Regulations”) as amended.
Shares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
What happened
Fact
1/- each of the Company on preferential basis at an issue price of Rs. 114/- each. (Rupees One Hundred and Fourteen only) including a Premium of Rs. 113 per share. of Rs. 85.50/- per warrant (being 75% of the issue price per warrant) from the Allottees.
Reported results are the point at which prior management commitments become checkable against audited or reviewed numbers.
What happened
Fact
Accordingly, in the Standalone Financial Results (at Sr. No. XII), the figure of Diluted EPS (in Rs.). And, in the Consolidated Financial Results (at Sr. No. XIV), the figure of Diluted EPS (in Rs.). audited figures or disclosures made elsewhere in the financial results.
Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
What happened
Fact
Corporate Insolvency Resolution Process. Commencement of Corporate Insolvency Resolution Process (CIRP) against. Limited by Hon'ble National Company.
