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| Exchange Disseminated Time | MT Educare Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 20, 2016, inter alia, have transacted and approved the following business, subject to consent of the shareholders:
a. Issue of Securities under Qualified Institutions Placement;
b. Amendment in Capital Clause V of the Memorandum of Association of the Company consequent to increase in the authorised share capital;
c. To introduce and implement MT Educare Employee Stock Option Scheme -2016;
d. To extend the benefits of MT Educare Employee Stock Option Scheme - 2016 to the employees of Subsidiary(ies) / Associate company(ies)
Further, the Board of Directors have decided to call and convene an Extra Ordinary General Meeting (EGM) of the shareholders of the Company on February 17, 2016 at 11.30 a.m at Jainam Banquet Hall, Jainam Arcade, BTM Compound, 100 L.B.S Road, Bhandup (West), Mumbai - 400078 for the purpose of seeking approval on the business mentioned at serial no. (a) to (d) above.
The Notice of EGM referred above shall be separately forwarded. |
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