Introduction:
Smallcap financial services company has approved a plan to raise up to ₹6.60 crore through the preferential issue of fully convertible warrants. The move aims to attract non-promoter public category investors and follows SEBI’s ICDR Regulations.
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Share price movement of Ajcon Global:
On December 19, 2024, AJCON Global Services Ltd. opened at ₹74.55, up 5.00% from its previous close of ₹71.00. The stock reached a high and low of ₹74.55. By 3:58 PM, it traded at ₹74.55, with a market cap of ₹45.60 crore.
Ajcon Global Services Ltd Announces Fundraising:
Ajcon Global Services Ltd has approved raising up to ₹6.60 crore through the preferential issue of 10 lakh fully convertible warrants at ₹66 each, for non-promoter public category investors. The move follows SEBI’s ICDR Regulations.
The company also disclosed that an Extra-Ordinary General Meeting (EGM) will be held on January 16, 2025, via Video Conference (VC) or Other Audio-Visual Means (OAVM). Shareholders will discuss key resolutions including the fundraising plan.
M/s. Kothari H. Associates has been appointed as the scrutinizer for the Extra-Ordinary General Meeting. The company is seeking necessary regulatory, statutory, and shareholder approvals for the proposed preferential issue and other related resolutions, with further updates expected.
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Stock performance of Ajcon Global for Period of 1 week, 6 months and 1 year:
AJCON Global Services Ltd. has shown strong performance with an 8.56% return over the past week, 118% over the last six months, and a remarkable 102% return over the past year, reflecting its impressive growth trajectory.
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Shareholding pattern of Ajcon Global:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 65.80% | 66.30% | 66.70% |
| FII | 0.00% | 0.00% | 0.00% |
| DII | 0.90% | 0.90% | 0.90% |
| Public | 33.30% | 33% | 32.40% |
About Ajcon Global:
Ajcon Global Services Ltd. (NSE: AJCON) was incorporated in 1986, offering stock broking, corporate advisory, project consultancy, and depository services. Listed publicly in 1995, it has built a strong client base, including major banks and mutual funds.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
