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| Exchange Disseminated Time 25/02/2017 17:05:16 | Jain Irrigation Systems Ltd_DVR has informed BSE that the meeting of Sub Committee of the Board of Directors of the Company was held on February 25, 2017 which considered and approved the following:
1. Issue of FCCBs upto USD 75 million to non-promoter entities.
2. To convene Extraordinary General Meeting of the Shareholders of the Company to be held at Jalgaon at 11.00 AM on Friday. 24th March 2017 for obtaining approval of Shareholders for the following special business;
a) Issue of FCCBs upto USD 75 million to non-promoter entities for redemption of FCCB's worth USD 50 million issued in 2012/ 2013 and balance USD 25 million fresh issue for permitted use. |
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