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| Exchange Disseminated Time | Nandan Denim Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 29, 2015, inter alia, has :
1. Approved the issue of convertible warrants, for an amount not exceeding Rs. 100.00 crores on preferential basis to select group of investors (Promoter and / or Non-Promoter) in accordance with SEBI (ICDR) Regulation, 2009, at a price higher than the minimum price calculated in accordance with Regulation 76 of ICDR, subject to the approval of the shareholders and necessary permissions and sanctions from concerned regulatory authorities;
2. Approved the appointment of Dr. Yasho Verdhan Verma as an Additional Director in the capacity of Independent Director with immediate effect. |
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