Lead Reclaim & Rubber Products Substitutes Proposed Allottee in Preferential Issue; Board Approves Change at May 13 Meeting
Published on: May 14, 2026, 10:37 p.m. | Source: scanx.trade
Lead Reclaim & Rubber Products Limited's Board, at its May 13, 2026 meeting, approved replacing VT Capital Market Private Limited with Jalan Chemical Industries Private Limited as a proposed allottee for 399000 equity shares in its preferential issue. The overall preferential issue comprises up to 12,43,500 equity shares at Rs. 75/- per share aggregating to Rs. 9,32,62,500/-, and up to 35,01,000 fully convertible warrants at Rs. 75/- per warrant aggregating to Rs. 26,25,75,000/-. All other terms of the issue remain unchanged, and shareholder approval will be sought at the EGM scheduled for May 22, 2026. The issue proceeds are intended for working capital, loan repayment, business expansion, and general corporate purposes.
