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| Exchange Disseminated Time | Bhagyanagar India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 08, 2014, inter alia, has transacted the following:
1. To convene the 29th Annual General Meeting and fix the book closure.
2. Approved to borrow money in excess of paid-up capital and free reserves under section 180 (1)(c) of Companies Act, 2013, subject to approval of members.
3. Approved issue of Global Depository Receipts (GDRs)/ American Depositary Receipts (ADRs) convertible in to equity shares/ Foreign Currency Convertible Bonds (FCCB) and / or Qualified Institutional Placement (QIP) and/or Optionally or Compulsorily Convertible Redeemable Preference Shares (OCPS/CCPS) for an amount of upto US$ 50.00 Millions or its equivalent in Indian Rupees or any other currency, subject to approval of members. |
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