Ambani Orgochem Limited Board Approves 12% Dividend on Preference Shares and Ratifies Redemption of 17 Lakhs Shares
The Board of Directors of Ambani Orgochem Limited, at a meeting held on Tuesday, June 23, 2026, approved significant actions concerning the company’s preference shares. The resolutions included authorizing the payment of a 12% dividend on Unlisted Cumulative Non-Convertible Redeemable Preference Shares and formalizing the redemption of a substantial number of these shares.The Board's decision includes the payment of the specified dividend at the rate of 12% on the relevant preference shares on a pro rata basis. Furthermore, the company proceeded with the redemption of 17,07,120 Cumulative Non-Convertible Redeemable Preference Shares. These shares, each carrying a face value of Rs. 10/-, were redeemed at par amount and totaled Rs. 1,70,71,200/-.
Details regarding the redemption of these preference shares are as follows:
| Particulars | Details |
|---|---|
| Type of Shares | 12% Unlisted Cumulative Non-Convertible Redeemable Preference Shares |
| Number of Preference Shares Held | 17,07,120 |
| Face Value per Share | Rs. 10/- each |
| Number of Shares Redeemed | 17,07,120 |
| Total Redemption Amount | Rs. 1,70,71,200/- |
The total redemption amount for the shares was confirmed at par, with no premium noted on the redemption. The preference shareholders involved in this transaction include both individuals and corporate entities, totaling twenty-five named allotees, as detailed below.
| Sr No. | Name of Proposed Allotee | Number of Shares |
|---|---|---|
| 1. | Nafisa Taheral Pardawala | 120000 |
| 2. | Bhavesh Mehta | 120000 |
| 3. | Charul Hemant Patwa | 27600 |
| 4. | Chintan Deepak Doshi | 48300 |
| 5. | Deepak Mansukhlal Doshi | 48300 |
| 6. | Dhananjay Deepak Doshi | 48300 |
| 7. | Dinesh Girdharlal Shah | 43800 |
| 8. | Dipika Ashokkumar Jain | 11400 |
| 9. | Echjay Forging Industries Private Limited | 299400 |
| 10. | Faizan Abdul Gaffar Chaudhary | 76200 |
| 11. | Kalpesh Dineshchandra Bhansali | 60000 |
| 12. | Kishor Pukhraj Palrecha | 16200 |
| 13. | Lalita Labhchand Parmar | 76200 |
| 14. | Leena Anuj Shah | 21900 |
| 15. | Naresh Jamnadas Shah | 27600 |
| 16. | Prakash Bhagwanji Shah | 76200 |
| 17. | Pratham Kirti Malde | 33420 |
| 18. | Rahul Rajendra Jain | 38100 |
| 19. | Raivat Impex Private Limited | 300000 |
| 20. | Rajendra Milapchand Jain | 109500 |
| 21. | Siddhi Vinit Shah | 21900 |
| 22. | Jignesh Madhusudan Shah | 27600 |
| 23. | Sunny Vinod Jain | 16200 |
| 24. | Veena Kishor Palrecha | 11400 |
| 25. | Payal Viral Jhaveri | 27600 |
AMBANIORGO Stock Price Movement
Today, shares of AMBANI ORGOCHEM LIMITED settled flat, closing at ₹126.20 after the market session concluded. The equity saw a traded volume of 1,000 shares during the trading day.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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