Premier Synthetics Confirms No Deviation in Public Issue Proceeds Use
Premier Synthetics Ltd confirmed that there has been no deviation or variation in the use of public issue proceeds raised from its Initial Public Offer (IPO).The company also stated that over the last three financial years, there has been no change in share capital structures.
The company confirmed the following regarding capital movements over the last three Financial Years:
- Buy Back of Securities: The company has not bought back any of its securities.
- Sweat Equity Shares: No Sweat Equity Shares have been issued.
- Bonus Shares: No Bonus Shares were issued during the year.
- Public Issue, Right Issue, QIP, Debentures: The company has not issued any Public Issue, Right Issue, QIP, or Debentures.
- Employees Stock Option Plan: The company has not provided any Stock Option Scheme.
Consequently, the Statement of Deviation or Variation for proceeds of Public Issue, Right Issue, Preferential Issue, QIP, as required under the relevant regulations, is not applicable to the company.
Stock Price Movement
At the close of trade on Friday, Premier Synthetics Ltd slipped 2.13%, settling at ₹15.16 per share. The shares navigated their intraday session, trading between a low of ₹15.00 and a high of ₹15.50.Source:
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