Tirth Plastic Limited held a board meeting on 04th July, 2026 at its registered office in Ahmedabad. The meeting commenced at 6:00 PM and concluded at 6:30 PM.
The board transacted the following business:
1. Approval of Preferential Issue: The board approved a preferential issue of up to 45,00,000 (Forty-Five Lakh) equity shares of face value ₹10 each to persons belonging to the Non-Promoter category. The issue is subject to necessary approvals including shareholders' approval through postal ballot.
2. Appointment of Scrutinizer: The board appointed M/s. A. Shah & Associates, Practicing Company Secretary, to act as scrutinizer to conduct the postal ballot process in a true and fair manner.
3. Postal Ballot Notice: The board approved issuing notice of postal ballot and e-voting pursuant to Section 108 and 110 of the Companies Act, 2013 read with Rule 22 and 24 of the Companies (Management and Administration) Rules, 2014 to consider various transactions.
Preferential Allotment Details
Type of securities: Equity Shares
Type of issuance: Preferential Allotment
Total number of securities: 45,00,000 equity shares of face value ₹10 each
Category of Allottees: Non-Promoter
Issue price: ₹28 per share (including premium of ₹18 per share)
Total issue size: ₹12.6 crore (45,00,000 shares × ₹28)
Nature of Consideration: Cash
Allottees: The shares will be allotted to 42 non-promoter investors as listed in Annexure-A, including individuals and entities such as Sellwin Traders Limited and Mideast Healthcare Pvt Ltd.
Next Steps
The company will share the notice of postal ballot in due course. The preferential issue requires shareholder approval through postal ballot process.