|
| Exchange Disseminated Time | Nitta Gelatin India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 20, 2015, has discussed and decided the following;
1. The Company requires around Rs. 1580 Lakhs Capex, to augment the environment management infrastructure at all its production centres. To finance the said capital expenditure, the Board proposes to recommend to the shareholders to issue 9,29,412 Optionally Convertible Preference Shares (OCPS) at face value of Rs. 170/- per OCPS, to Nitta Gelatin INC., (Promoter) in accordance with the provisions of Companies Act, 2013 (“Act”) , Foreign Exchange Management Act, 1999, chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and any other statutory authorities,
2. Approved draft notice of Extra Ordinary General Meeting to be held on April 17, 2015. |
|
|