|
| Exchange Disseminated Time | Ankit Metal & Power Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2015, has considered and approved the following:-
1. Increase the authorised share capital of the Company from Rs. 122.25 Crores to Rs. 141.20 Crores divided into 14,12,00,000 Equity Shares of Rs. 10/-, subject to the approval of the shareholders.
2. Issue 1,90,35,000 Equity Shares of Rs. 10/- each at a price of Rs. 20/- per shares to the promoter group on preferential basis, subject to the approval of the shareholders.
3. Notice of Postal Ballot seeking consent of the shareholders to following:
a. Corporate Debt Restructuring (CDR) Scheme by and between the Company and the rupee lenders of the Company.
b. Granting of option to CDR Lenders to convert their outstanding Loans into Equity Shares.
c. Increase in authorized share capital of the Company and consequential amendment to the Memorandum of Association of the Company.
d. Issue of Equity Shares on preferential basis to the Promoters. |
|
|