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| Exchange Disseminated Time 31/08/2016 16:15:36 | | Tumus Electric Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 31, 2016, have decided and approved the issue and allotment of 1,77,500 (One Lac Seventy Seven Thousand Five Hundered) Equity shares of Rs.10/- each on preferential basis to Mr. Uttam Bagri, Current Promoter of the Company, in compliance with Securities and Exchange Board of India (Issue of Capital and Disclosure Requirement) Regulations, 2009. The above issue is subject to the approval of the shareholders in forthcoming Annual General Meeting and other regulatory approvals, if any. |
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