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| Exchange Received Time 17/03/2017 17:26:35 Exchange Disseminated Time 17/03/2017 17:26:42 Time Taken 00:00:07 | | 1. approved the final application for categorizing the Company as a Non-Banking Financial Company ('NBFC') in terms of sub-section (2) of section 45-IA of the Reserve Bank of India Act, 1934 to be made to the Reserve Bank of India ('RBI') as the company's business consists mainly of income from investments activities pursuant to transfer of Digisol brand business to Digisol Systems Limited and manufacturing business to Synegra EMS Limited (wholly owned subsidiaries of the Company) respectively as informed vide our letter dated 04th August, 2016; 2. considered and unanimously approved the acquisition of 1,00,00,000 equity shares aggregating upto Rs. 10,00,00,000/- (Rupees Ten Crores only) issued by Digisol Systems Limited, a wholly owned subsidiary of the Company, in one or more tranches in accordance with the provisions of Sections 179 and 186 and other applicable provisions, if any, of the Companies Act, 2013 and all other applicable laws and regulations. |
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