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| Exchange Disseminated Time | Sadbhav Engineering Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 09, 2014, has considered and approved the following:
1. Raising of funds by way of a qualified institutions placement in accordance with the provisions of Chapter VIII of Securities and Exchange Board of India (issue of Capital and Disclosure Requirements) Regulations, 2009 and other applicable laws up to an amount not exceeding Rs. 250 Crore;
2. Convening an extra-ordinary general meeting of the members of the Company on October 04, 2014 for obtaining the authority / approval of the members of the Company for raising funds by way of a qualified institutions placement as mentioned above. |
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