Corporate Announcement
Security Code : 532850    Company : MICEL    
 
Outcome of Board MeetingDownload PDF Download XBRL
  Exchange Received Time  31/03/2017 15:32:35         Exchange Disseminated Time   31/03/2017 15:32:41              Time Taken   00:00:06
Considered and noted that Addendum to the EGM Notice circulated to the shareholders and the same has been approved by the shareholder at their meeting held on 20th March 2017 in connection with Relevant date to be taken as 17-Feb-17 as per the clause 71(a) of Chapter VII of SEBI (ICDR) Regulations, 2009 and disclosure of the ultimate beneficial owners. Allotment of 4,32,93,974 Equity Shares to Non- promoters as pe the List given below, at Face Value of Rs. 2/- each fully paid up at a premium of Rs.18/- per Equity Share, on preferential basis as per in-principle approval received from Bombay Stock Exchange Limited & National Stock Exchange of India Limited being conversion of secured/unsecured loans and trade credits into Equity Shares.
 

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