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Polychem Ltd — Capital/Financing Update 2022
Feb 9, 2022
62149_rns_2022-02-09_1048a0c6-7b42-4b33-b307-c3fb3e39eee7.pdf
Capital/Financing Update
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POLYCHEM LIMITED
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CIN: L24100MH1955PLC009663
REGD. OFFICE: 7. JAMSHEDJI TATAROAD. CHURCHGATE RECLAMATION. MUMBAI-400 020 Ph: 022 - 2282 0048, Fax: 022 - 2285 0606 E-mail: [email protected] , Website: www.polychemltd.com
Date: 09.02.2022
To Head Listing Compliance Bombay Stock Exchange Ltd. PhirozeJeejeebhoy Towers, Dalal Street, Mumbai - 400 001
Company Code – 506605
Dear Sir/Ma'am,
Sub: Information under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:
This has reference to our letter dated 27[th] January, 2022, wherein it was informed to stock exchange that the Company holds 6,68,280 Preference shares of Rs 100/- each out of 9,81,500 Preference Shares issued i.e. 68.09% of total preference share capital of Gujarat Poly Electronics Limited (GPEL), its subsidiary company and now proposes to buy the balance 3,13,220 Preference shares of Rs 100/- each i.e. 31.91% of Preference Shares capital subject to completion of all formalities required if any before purchase of preference shares.
We now hereby inform that the transaction of the above purchase has been completed today whereby the company now holds 100% Preference Shares of GPEL, its Subsidiary Company.
This is for your information and record.
Yours faithfully,
For Polychem Limited
DEEPALIBEN Digitally signed by DEEPALIBEN VISHAL VISHAL CHAUHAN CHAUHAN Date: 2022.02.09 11:17:32 +05'30'
(Deepali V Chauhan) Company Secretary & Compliance Officer Mem No. A38273