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| Exchange Disseminated Time | Shriram EPC Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2012, inter alia, has approved the following :
1. Rights - Issue of equity shares of the Company and/or other securities in the form of QIPs/ADRs/ GDRs/ FCCBs/ and/ or any other securities convertible into equity shares and/or Rights Issue or any combination thereof, pursuant to Section 81 and 81(1 A), as applicable, of the Companies Act, 1956 upto an amount of Rs. 150 crores and also authorise the Board to appoint Lead Managers / Legal Counsel.
2. Reconstitution of the Board
(a) The Board has approved the resignation of Mr. R.S. Chandra -Nominee Director - Bessemer Venture Partners Trust.
(b) The Board has approved the appointment of Mr. Vishal Vijay Gupta in place of Mr. R.S. Chandra as nominee Director of Bessemer Venture Partners Trust. |
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