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| Exchange Disseminated Time 02/08/2016 13:53:52 | Remi Edelstahl Tubulars Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 02, 2016, has transacted the following businesses:-
1. issue of 10,00,000 Equity shares of Rs.10/- each on preferential basis to the Non-Promoters at a price which shall not be lower than the price determined in accordance with the provisions of Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009).
2. issue of 4,00,000 - 6 % Non-cumulative, Non-Convertible Preference Shares at Rs.100/-each on private placement basis.
Further, the Board have considered and approved to seek the members approval by way of Postal Ballot and e-Voting. The Company has appointed Shri V. S. Iyer, Company Secretary in practice as Scrutinizer, for conducting the e-voting and postal ballot process in a fair & transparent manner.
The Board Meeting commenced at 12.30 p.m. and concluded at 1.30 p.m. |
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