Asston Pharmaceuticals Approves Preferential Allotment of Equity Shares and Sets Date for EGM
Asston Pharmaceuticals Ltd., formerly known as Asston Pharmaceuticals Private Limited, announced the outcome of its recent Board meeting, during which it approved two key corporate actions: a preferential allotment of equity shares to specific persons and approval of an Extraordinary General Meeting (EGM).The Board approved the issue of up to 24,10,431 Equity Shares to members belonging to the NonPromoter category on a preferential basis. The details of the proposed issuance are as follows:
- Face Value: ₹10 per share
- Issue Price: ₹115 per equity share
- Premium: ₹105 per equity share
- Total Aggregation: Up to ₹27,71,99,565
The company approved the convening of an Extraordinary General Meeting (EGM) for its members. The EGM is scheduled to be held on Friday, July 31, 2026, at 12:30 PM via Video Conferencing or Other Audio Visual Means.
Details of Preferential Allotment
The preferential allotment involves the issuance of Equity Shares and has been allocated to several designated individuals and companies from the Public category. The post-issue holding details are as follows:| Name of Proposed Allottee | Category | Post-Issue Holding (Shares) | Post-Issue Holding (% of total equity capital) | Ultimate Beneficial Owners |
|---|---|---|---|---|
| Vijay Rathee | Public | 13,17,391 | 12.06% | Vijay Rathee |
| Vijaylaxmi Infra Projects Private Limited | Public | 7,82,608 | 7.16% | Kuldip Singh Rathee, Vijay Rathee, Aman Rathee, Prashant Rathee |
| Swapneel Pradeep Rane | Public | 21,739 | 0.20% | Swapneel Pradeep Rane |
| Jayaram Chitturi | Public | 21,739 | 0.20% | Jayaram Chitturi |
| Vashi Neha Parimal | Public | 17,391 | 0.16% | Vashi Neha Parimal |
| Padamavathi Chitturi | Public | 21,739 | 0.20% | Padamavathi Chitturi |
| Harshad Santosh Talreja | Public | 5,217 | 0.05% | Harshad Santosh Talreja |
| Shreevardhan Nitin Tupe | Public | 1,01,956 | 0.93% | Shreevardhan Nitin Tupe |
| Sumit Shrichand Krishnani | Public | 21,739 | 0.20% | Sumit Shrichand Krishnani |
| Yashvardhan Nitin Tupe | Public | 54,795 | 0.50% | Yashvardhan Nitin Tupe |
| Riya Kishor Rajnani | Public | 6,217 | 0.06% | Riya Kishor Rajnani |
| Neelam R Kohli | Public | 21,739 | 0.20% | Neelam R Kohli |
| Vijay Boloor | Public | 21,739 | 0.20% | Vijay Boloor |
| Jitender N. | Public | 21,739 | 0.20% | Jitender N. |
| Kewalraman | Public | 21,739 | 0.20% | Kewalraman |
Stock Price Movement
Asston Pharmaceuticals Ltd shares settled at ₹80.00 in post-market trading on Wednesday, marking zero change for the stock. During the day, the shares traded within an intraday range, moving from a low of ₹77.50 to a high of ₹80.00.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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