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| Exchange Received Time 29/05/2017 19:25:00 Exchange Disseminated Time 29/05/2017 19:25:07 Time Taken 00:00:07 |
May 29, 2017
The Manager Listing The Manager Listing
BSE Limited, National Stock Exchange of India Limited
Corporate Relationship Department Corporate Communication Department
Dalal Street, Mumbai - 400 001 Bandra (EAST), Mumbai - 400 051.
Scrip Code:517230 Scrip Symbol: PAEL
Dear Sir/Madam,
Sub.: Outcome of Board Meeting and submission of approved Standalone Audited Financial Results along with Audit Report for the quarter and year ended as on March 31, 2017
With reference to captioned subject, we do hereby inform you that the meeting of Board of Directors of the Company held today i.e. 29th May, 2017 and inter-alia transacted the following business:-
1) Considered and taken on record Standalone Audited Financial Results along with Audit Report by the Company for the quarter and year ended on March 31, 2017;
2) To issue 5,20,000 share warrants subject to the approval of the shareholders in the Annual General Meeting and to consider redemption of existing 11% Non-Convertible, Cumulative, Redeemable Preference Shares out of proceeds of warrants issue.
3) To consider and approve issue of Sweat Equity Shares to Executive Director/s and Sr. Managers of the Company subject to the approval of the shareholders in the forthcoming Annual General Meeting of the Company.
4) The Board has approved sale of 100% shares of M/s. PAE Infrastructure Private Limited to the Promoter/Promoter Group of the Company or to the third party / to the prospective buyer/s or their nominees or to the Company in which they are Director/Member at the consideration/price as may be negotiated and mutually agreed by the Board and the proposed buyer/s;
The above information is also hosted on the website of the company at www.paeltd.com
Kindly take the above document on record and acknowledge.
Thanking you,
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