Sanginita Chemicals Sets Allotment Date After Receiving AGEL Shares for Acquisition
Sanginita Chemicals Limited has confirmed the deemed date of allotment for a significant preferential issuance in connection with the acquisition of 100% stake in Agastya Green Energy Limited (AGEL). The company received the transfer of 9,500,000 equity shares of AGEL from B N G Investment LLC on June 10, 2026.The allotment pertains to Sanginita Chemicals' own fully paid-up equity shares issued to B N G Investment LLC, which is a shareholder of Agastya Green Energy Limited (AGEL). This transaction is part of a Share Swap and Share Purchase Agreement dated March 20, 2026, aimed at completing the acquisition of the entire stake in AGEL.
Details regarding the preferential allotment include:
| Metric | Value |
|---|---|
| Shares Allotted (Sanginita) | 15,287,356 |
| Face Value per Share | Rs. 10/- |
| Issue Price per Equity Share | Rs. 3.05/- |
| Premium on Issue | Rs. 3.05/- |
Based on the receipt of the AGEL equity shares, the deemed date of allotment for the 15,287,356 equity shares was fixed as June 10, 2026, in line with the Board resolution passed on June 9, 2026.
SANGINITA Stock Price Movement
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