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| Exchange Disseminated Time 20/01/2017 18:29:57 | | Vora Constructions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 20, 2017, and concluded at 6.00 p.m. inter alia, has considered and approved the raising of funds through Preferential Issue for Rs. 25,00,00,000 (Rupees Twenty Five Crores Only) to Non Promoters as per Section 62 read with Section 42 of Companies Act, 2013 along with Chapter VII of SEBI (ICDR) Regulations, 2009 for working capital requirement and to increase the net owned funds to meet the RBI requirement as per the circular no. DNBR (PD) CC.No.002/03.10.001/2014-15. Also Company is in the process of identifying the prospective investors/ allottees. |
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