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| Exchange Disseminated Time 24/05/2016 11:54:19 | With reference to the earlier letter dated May 13, 2016 regarding intimation given for Board Meeting to be held on May 30, 2016 for considering the Audited Standalone and Consolidated financial results for the quarter and financial year ended on March 31, 2016, Sumeet Industries Ltd has now informed BSE that:
In addition to the above, the Board of Directors of the Company will also consider the following matters :-
1. To increase Authorised Share Capital of the company from Rs. 100 Crores to Rs. 175 Crores.
2. To raise funds by way of issue of global depository receipts (GDRS) /American depository receipts (ADRS) /foreign currency convertible bonds (FCCBS) / equity shares / warrants and / or instruments convertible into equity shares for an aggregate sum up to USD 20 Million (Twenty Million US Dollars) approximately Rs. 140.00 Crores (Rupees One Hundred and Forty Crores). |
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