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| Exchange Disseminated Time 15/02/2017 18:30:04 | Supreme Infrastructure India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 15, 2017, has approved the following;
1. Issuance of securities for an amount not exceeding Rs. 125 Crores ( Rupees One Hundred Twenty Five Crores ) through an issuance of equity shares / fully convertible debentures / partly convertible debentures/ non-convertible debentures with Warrants / preference shares convertible into equity shares with or without detachable warrants with a right exercisable by the warrant holders to convert or subscribe to the equity shares or otherwise / any other equity linked instrument to qualified institutional buyers by way of a qualified institutions placement in accordance with the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, the Companies Act, 2013 and the rules thereunder, the SEBI LODR Regulations, the provisions of the memorandum of association and the articles of association of the Company subject to the approval of the members of the Company in such manner and at such price and on such terms and conditions as may be determined by the Board or a duly appointed committee of the Board in accordance with the SEBI ICDR Regulations and/or other applicable provisions of the law.
2. Issuance of securities for an amount not exceeding Rs. 200 Crores (Rupees Two Hundred Crores) through an issuance of equity shares / fully convertible debentures/ partly convertible debentures/ non-convertible debentures with warrants / preference shares convertible into equity shares with or without detachable warrants with a right exercisable by the warrant holders to convert or subscribe to the equity shares or otherwise/ any other equity linked instrument by way of a rights issue to members of the Company in accordance with the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, the Companies Act, 2013 and the rules thereunder, the SEBI LODR Regulations, the provisions of the memorandum of association and the articles of association of the Company, in such manner and at such price and on such terms and conditions as may be determined by the Board or a duly appointed committee of the Board in accordance with the SEBI ICDR Regulations and/or other applicable provisions of the law.
3. Issuance and allotment of equity shares of the Company of face value of Rs. 10 each for an amount not exceeding Rs. 200 Crores (Rupees Two Hundred Crores) by way of a preferential allotment to either of Mr. Bhawanishankar H. Sharma, Mr. Vikram B. Sharma, Mr. Vikas Sharma, Mrs. Rita B. Sharma, Mrs. Barkha Vikram Sharma, Mrs. Shweta V Sharma, Mrs. Phool Kanwar H Sharma and BHS Housing Private Limited being the promoter(s)/ members of the promoter group of the Company in accordance with the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, the Companies Act, 2013 and the rules thereunder, the SEBI LODR Regulations, the provisions of the memorandum of association and the articles of association of the Company subject to the approval of the members of the Company, in such manner and at such price and on such terms and conditions as may be determined by the Board or a duly appointed committee of the Board in accordance with the SEBI ICDR Regulations and/or other applicable provisions of the law.
Additionally, the Board of Directors have appointed the Securities Committee of Directors to consider and finalise the above issuance at appropriate time in accordance with the provisions of applicable laws and to take such permissions and approvals as may be necessary in this regard. |
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