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| Exchange Received Time 11/10/2017 22:11:11 Exchange Disseminated Time 11/10/2017 22:11:18 Time Taken 00:00:07 | In compliance with the Regulation 29 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we would like to inform you that the next Meeting of the Board of Directors of the Company is proposed to be held on 16th October 2017, inter alia to consider and approve the following Agenda Items:
1. Issue of Optionally Convertible Debentures (OCDs) on Preferential Basis to the Lenders of the Company comprising of Banks and Financial Institutions, against the conversion of part of their outstanding Debts pursuant to the implementation of the Scheme for Sustainable Structuring of Stressed Assets (S4A) that is SPML S4A Scheme;
2. Convening an Extraordinary General Meeting of the Company to approve the issuance of the OCDs of the Company on Preferential Basis to the Lenders of the Company
3. Fixing the cutoff date for determining the eligibility of Shareholders to vote on EGM items.
Further, in terms of the provisions of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the equity shares of the Company shall remain closed with immediate effect till 18th October 2017.
Kindly acknowledge the same and take on record.
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