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| Exchange Received Time 18/01/2018 16:48:11 Exchange Disseminated Time 18/01/2018 16:48:16 Time Taken 00:00:05 | Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that Board of Directors of the Company at it's meeting held on today i.e. January 18, 2018, has considered and approved the Proposal for issue, offer and allot 42,735 - 6% Non Convertible Non Cumulative Redeemable Preference Shares of Rs. 100/- each at a premium of Rs. 134/- per share on Preferential basis to M/s. Winner Innovation Learning Limited, (existing shareholder of the Company) subject to the approval of the Shareholders and compliance with the other statutory approval(s), if any, as per applicable provisions of law. Further note that the said Preference Shares are not proposed to be listed with any stock exchange.
Further, the approval of shareholders will be sought for the above matter in the upcoming Extra-Ordinary General Meeting (EGM) of the Company which is scheduled to be held on Tuesday, February 20, 2018.
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