Ambani Orgochem Approves Preference Share Redemption and Announces Dividend Payment
Ambani Orgochem Limited has approved the redemption of a portion of its preference shares and announced a dividend payment on Unlisted Cumulative Non-Convertible Redeemable Preference Shares. These decisions were made by the Board of Directors during a meeting held on Friday, June 12, 2026.The Board approved two key items:
1. The payment of a dividend at the rate of 12% on Unlisted Cumulative Non-Convertible Redeemable Preference Shares on a pro-rata basis.
2. The redemption of 28,45,200 (Twenty-Eight Lakhs Forty-Five Thousand and Two Hundred) 12% Cumulative Non-Convertible Redeemable Preference Shares.
The preference shares being redeemed have a face value of Rs. 10/- and were originally issued at par. The total amount allocated for the redemption is Rs. 2,84,52,000 (Rupees Two Crores Eighty-Four Lakhs Fifty-Two Thousand Only), which will be completed in one or more tranches.
Redemption Details of Preference Shares
The details pertaining to the redemption of the preference shares are as follows:| Particulars | Detail |
|---|---|
| Type of Share | 12% Unlisted Cumulative Non-Convertible Redeemable Preference Shares |
| Number of Preference Shares Held (Total) | 45,52,320 |
| Face Value per Share | Rs. 10/- |
| Issue Price per Share | Rs. 10/- |
| Number of Preference Shares Redeemed | 28,45,200 |
| Total Redemption Amount | Rs. 2,84,52,000/- |
Shareholders Involved in Redemption
The 28,45,200 preference shares being redeemed are held by 25 shareholders, including Nafisa Taherali Pardawala and Echjay Forging Industries Private Limited. The breakdown of the shareholding among these preference shareholders is provided below:| Shareholder Name | Number of Shares Held |
|---|---|
| Nafisa Taherali Pardawala | 2,00,000 |
| Bhavesh Mehta | 2,00,000 |
| Charul Hemant Patwa | 46,000 |
| Chintan Deepak Doshi | 80,500 |
| Deepak Mansukhlal Doshi | 80,500 |
| Dhananjay Deepak Doshi | 80,500 |
| Dinesh Girdharlal Shah | 73,000 |
| Dipika Ashokkumar Jain | 19,000 |
| Echjay Forging Industries Private Limited | 4,99,000 |
| Faizan Abdul Gaffar Chaudhary | 1,27,000 |
| Kalpesh Dineshchandra Bhansali | 1,00,000 |
| Kishor Pukhraj Palrecha | 27,000 |
| Lalita Labhchand Parmar | 1,27,000 |
| Leena Anuj Shah | 36,500 |
| Naresh Jamnadas Shah | 46,000 |
| Prakash Bhagwanji Shah | 1,27,000 |
| Pratham Kirti Malde | 55,700 |
| Rahul Rajendra Jain | 63,500 |
| Raivat Impex Private Limited | 5,00,000 |
| Rajendra Milapchand Jain | 1,82,500 |
| Siddhi Vinit Shah | 36,500 |
| Jignesh Madhusudan Shah | 46,000 |
| Sunny Vinod Jain | 27,000 |
| Veena Kishor Palrecha | 19,000 |
| Payal Viral Jhaveri | 46,000 |
AMBANIORGO Stock Price Movement
AMBANI ORGOCHEM LIMITED shares settled at ₹134 on Friday, registering a 0.00% change as the stock concluded trading for the day. The equity traded within a narrow price band ranging from ₹127.30 to ₹140.70 during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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