Proceedings Of The Extra Ordinary General Meeting Held On April 29, 2017

• Security Code: 514211
• Company: SUMEETINDS

Members of Sumeet Industries Limited at the EGM held on April 29, 2017 approved the following Resolutions: 1. Conversion of Unsecured Loans of Rs. 25.00 Crores of Promoters and Promoter group into Equity Shares of the Company in the proposed Right Issue 2. Increase in the Borrowing Limits from Rs. 1000.00 Crores to Rs. 1250.00 Crores 3. Creation of Charge on the Assets increased from Rs. 1000.00 Crores to Rs. 1250.00 Crores 4. Issue of Non-Convertible Debentures ('NCDs') / Bonds / Non-Convertible Redeemable Preference Shares ('NCRPs'), on private placement basis up to Rs. 50.00 Crore