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| Exchange Disseminated Time | Swan Mills Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on inter alia, have accorded to the following:
1. Increase the Authorized Share Capital of the Company of Rs. 19,25,00,000 (Rupees Nineteen Crore Twenty Five Lacs only) divided into 9,50,00,000 (Nine Crore Fifty Lac) equity shares of Rs. 2 (Rupees Two) each and 25,000 (Twenty Five Thousand) 11% Cumulative Redeemable Preference Shares of Rs. 100 (Rupees One Hundred) each to Rs. 100,25,00,000 (Rupees One Hundred Crore Twenty Five Lac only) divided into 50,00,00,000 (Fifty Crore) equity shares of Rs. 2 (Rupees Two) each and 25,000 (Twenty Five Thousand) 11% Cumulative Redeemable Preference Shares of Rs. 100 (Rupees One Hundred) each & consequential amendment in the Memorandum & Articles of Association of the Company.
2. Authority to the Board to create, offer, issue and allot in one or more tranch(es), with or without green shoe option, in the course of domestic and / or international offerings and / or Qualified Institutions Placements (“QIP") such number of equity shares, secured or unsecured debentures, bonds or any other securities whether convertible into equity share or not, including, but not limited to Foreign Currency Convertible Bonds (“FCCBs”), Optionally Convertible Debentures (“OCD”), Bonds with share warrants attached, Global Depositary Receipts (“GDRs”), American Depositary Receipts (ADRs”), or any other equity related instrument of the Company or a combination of the foregoing including but not limited to a combination of equity shares with bonds and / or any other securities whether convertible into equity shares or not (“Securities”) whether rupee denominated or denominated in Foreign Currency, to any eligible person, including to Domestic / Foreign Investors / Institutional Investors / Foreign Institutional Investors, non- resident Indians, Indian public, Individuals, Companies / Corporate Bodies (Whether incorporated in India or Abroad), Mutual Funds, Banks, Insurance Companies, Pension Funds, Venture Capital Funds, Financial Institutions, Trusts, Qualified Institutional Buyers within the meaning of Chapter VIII of the SEBI ICDR Regulations, Stabilizing agents or other persons or entities, whether shareholders of the Company or not through a public issue and / or on a private placement basis and / or qualified institutions placement within the meaning of Chapter VIII of the SEBI ICDR Regulations and / or other kind of public issue and / or private placement or through a combination of the foregoing as may be permitted under applicable law from time to time, for an aggregate amount not exceeding Rs. 1200 Crores (Rupees One Thousand Two Hundred Crores only), whether to be listed on any stock exchange in India or any international stock exchanges outside India, through an offer document and / or prospectus and / or offer letter, and / or Placement Document and / or offering circular, and / or on public and / or private placement basis, at such price or prices and on such terms and conditions including security, rate of interests etc, as may be decided by and deemed appropriate by the board as per applicable law, including the discretion to determine the categories of Investors to whom the offer, issue and allotment shall be made, considering, the prevailing market conditions and other relevant factors wherever necessary in consultation with its advisors, as the board in its absolute discretion may deem fit and appropriate, subject to necessary provisions & provisions. |
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