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| Exchange Disseminated Time | B. L. Kashyap and Sons Ltd has informed BSE that, Shareholders of the Company at their 20th Annual General Meeting held on September 19, 2009, has approved Qualified Institutional Placement ("QIP") and/or Preferential allotment upto Rs. 450 Crores (Rupees Four Hundred and Fifty Crores only).
As per the guidelines of Chapter VIII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, the validity of such approval is 12 months from the date of passing of Shareholder's resolution.
The Company did not placed/issued such Qualified Institutional Placement and/or Preferential allotment till date.
The directors purport to consider the issue of Qualified Institutional Placement ("QIP")
and/or Preferential allotment and seek fresh shareholder's approval in the next Annual General Meeting. |
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