Update: Mold-Tek Packaging has fixed September 23, 2021, as the record date for the purpose of ascertaining the holders of partly paid-up equity shares to whom the first and final call notice would be sent. You can check the announcement from the company here.
As a result, the Partly Paid shares of Mold-Tek Packaging will be suspended from trading on exchanges with effect from September 22, 2021, and you will not be able to see this holdings on Kite.
Event Schedule | |
---|---|
Payment | ₹ 135 per share |
Call Payment Period | October 5, 2021 to October 19, 2021 |
Allotment & Listing | Within 2 to 3 weeks from the last date of payment |
What are the modes for payment?
You can make call payment through the following modes:
- Through the website of the Registrar and Transfer agent.
- Netbanking ASBA: Through the website of the SCSB’s.
- Physical ASBA: By submitting a physical application to the Designated Branch of SCSB’s.
- Cheque / Demand Draft.
What will happen if I don’t make the call payment?
If you fail to pay the call money the partly paid shares may be forfeited (the current Mold-Tek PP shares you hold will be worthless and will not trade on exchanges as the company will allot new shares under different ISIN). The company may also levy interest on the amount you owe.
Mold-Tek Packaging Limited will issue Right Entitlements (RE’s) and Warrants to anyone who holds its shares as on October 22, 2020 (record date).
These RE’s will be temporarily traded on the stock exchanges and will then be extinguished.
You can either use the RE’s to apply for the rights shares of Mold-Tek Packaging or you can sell them in the market. You can check the announcement from the company here.
Issue Details | |
---|---|
Ex-Date | Oct 21, 2020 |
Record Date | Oct 22, 2020 |
Ratio | 1 Rights Equity share along with 6 detachable Warrants for every 50 shares held |
Issue Price per Equity Share | 180 |
Issue Price per Warrant | 184 |
Issue Period | Oct 28, 2020 to Nov 11, 2020 |
RE Trading Period | Oct 28, 2020 to Nov 06, 2020 |
Tentative Date of Allotment | Nov 18, 2020 |
Tentative Date of Listing | Nov 27, 2020 |
Payment Schedule for Rights Equity Shares
Schedule | Face Value | Premium | Total |
---|---|---|---|
On Application | 1.25 | 43.75 | 45 |
Upon one or more subsequent calls made by the Company | 3.75 | 131.25 | 135 |
Total | 5 | 175 | 180 |
Payment Schedule for Detachable Warrants
Schedule | Face Value | Total |
---|---|---|
On Application | 46 | 46 |
On Warrant Exercise | 138 | 138 |
Total | 184 | 184 |
Tenure of the Warrants
18 months from the date of allotment of the Warrants, i.e. Warrants which are not tendered to be converted into Equity Shares at the completion of the Warrant Exercise Period (18 months), shall lapse and the relevant holder/s of such Warrants shall not be entitled to allotment of the Equity Shares against such Warrants.
Warrant Exercise Period
A period that commences on the completion of the 1st month from the date of allotment of the Warrants and shall continue up to the completion of the 18th month from the date of allotment of the Warrants.
How to apply for Mold-Tek Packaging rights issue?
Once you either receive the RE’s from the company or purchase it from the market, you can apply for the rights shares using Netbanking ASBA, you can check the process in this post.
You can also apply for the Rights Issue through the website of the Registrar & Transfer Agent.
You will need to enter your demat account’s Beneficiary Owner ID which is a 16-digit number while applying either on the RTA’s website or through Netbanking ASBA.