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| Exchange Disseminated Time | Magnum Ventures Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 31, 2014, has :
1. Discussed, considered and confirmed the Rework Package approved by CDR - EG in its meeting held on December 24, 2013 and confirmed vide letter dated January 31, 2014.
2. Issued and allotted 3,41,214 (Three Lacs Forty One Thousand Two Hundred and Fourteen) Zero-Coupon non-convertible debentures having face value Rs. 1.000/- (Rupees One Thousand only) each issue and allotted at face value on private placement basis to lending bankers in compliance of Reworked Package by CDR -EG redeemable on March 31, 2026 and Mr. Pradeep Kumar Jain, Managing Director and Mr. Abhey Kumar Jain, Whole Time Director severally authorised to take necessary action in this regard.
3. Considered and took note with regard to pledge of promoters remaining shares with lending bankers in compliance of Reworked Package by CDR -EG.
4. Considered and took note of unsecured loan brought in by promoters in compliance of Reworked Package by CDR -EG.
5. Mr. Shiv Pravesh Chaturvedi is appointed as an additional director on Board of the Company. |
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