Ducol Organics And Colours Limited Approves Preferential Issue of Shares via Share Swap
Ducol Organics And Colours Limited announced that its Board of Directors met on May 11, 2026, transacting a significant business action: a Preferential Issue of equity shares through a Share Swap. The board also constituted a dedicated committee and approved the notice for an Extraordinary General Meeting (EGM) to seek shareholder approval for the matter.The company plans to issue up to 17,64,697 Equity Shares of face value of Rs. 10/- each. The transaction is structured as a Share Swap, meaning the consideration is other than cash. The issue price has been determined at Rs. 170/- per Equity Share.
The shares are proposed to be allotted to the following allottees belonging to the Public category:
| Allottee Name | Category | Maximum Shares Allotted |
|---|---|---|
| Ritesh Vinodbhai Mehta | Public | 15,53,609 |
| Vikesh Navinchandra Mehta | Public | 2,11,088 |
| Total | 17,64,697 |
Following the approval of the Share Swap, the Board of Directors took three key resolutions:
1. Preferential Issue: Approval was granted for the issue of up to 17,64,697 Equity Shares at an issue price of Rs. 170/- per Equity Share, considering a Share Swap for all consideration.
2. Committee Formation: A Preferential Issue Committee was constituted by the Board of Directors. This committee is tasked with taking all necessary actions related to the issue and finalizing or approving relevant documents.
3. EGM Approval: The board considered and approved the draft notice convening an Extraordinary General Meeting (EGM). This EGM is scheduled to be held on Friday, June 05, 2026, for the purpose of obtaining formal approval for the proposed Preferential Issue.
The board meeting commenced at 12:30 P.M. (IST) and concluded at 5:15 P.M. (IST).
DUCOL Stock Price Movement
Ducol Organics And Colours Limited shares settled up today, closing at ₹117 after gaining 0.39%. The stock traded on a volume of 16,000 shares today.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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