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| Exchange Disseminated Time 25/10/2016 16:30:19 | Pil Italica Lifestyle Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 25, 2016,
at 03.00 p.m. and was concluded at 4.00 p.m.; inter-alia approved the following:
1. To make preferential issue of 2,50,00,000 (Two Crores Fifty Lacs ) Convertible Warrants of Face Value of Re.1/- each at a price; terms and conditions in accordance with the SEBI Guidelines and subject to all approvals, consents and sanctions etc. to promoters and non promoters.
2. To enter into new line of business and consequently alteration in the Object Clause of the Memorandum of Association.
3. Increase in remuneration of Managing Director, subject to approval of shareholders as set out in Postal Ballot Notice.
4. Approved the Postal Ballot notice and other relevant papers to conduct Postal Ballot. |
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