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| Exchange Disseminated Time 25/07/2016 18:14:05 | Sundaram Multi Pap Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 25, 2016, inter alia, has discuss, considered and approved the following matters:
1. Pursuant to Section 42 and Section 62 of the Companies Act 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, and Subject to approval of members in the said AGM, it is decided to issue and allot up to 60,00,000 convertible warrants to Mr. Amrut P. Shah, up to 45,00,000 convertible warrants to Mr. Raichand P. Shah and up to 1,28,94,227 convertible warrants to Mr. Shantilal P. Shah, by way of Preferential Issue
2. Pursuant to Section 42 and Section 62 of the Companies Act 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, and Subject to approval of members in the said AGM to raise funds up to Rs.15 Crores by way of issue of fully paid up Equity shares or Debentures by way of QIP.
The Meeting commenced at 4.00 p.m. and concluded at 5.45 p.m. |
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