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| Exchange Disseminated Time | Supreme Infrastructure India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 14, 2014, has approved the following:
- Issuance of Securities Subject to the Approval of the Members of the Company:
Issuance of securities for an amount not exceeding Rs. 150 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 including through a Qualified Institutions Placement under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (the “SEBI ICDR Regulations"), and/or issuance of Equity Shares through and/or any other instrument convertible or exchangeable into equity shares, and/or other securities with or without warrants, whether rupee denominated or denominated in foreign currency to eligible investors subject to the approval of the members of the Company pursuant to the provisions of Section 62(1) (c) and other applicable provisions, if any, of the Companies Act, 2013, the provisions of the Memorandum and Articles of Association of the Company, the Listing Agreements and in accordance with the SEBI ICDR Regulations, 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. |
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