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| Exchange Disseminated Time | Kajaria Ceramics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 27, 2014, has approved the following:
1. In accordance to the resolution passed In the Extra Ordinary General Meeting held on November 06, 2013 and on exercising the option of converting the warrants into equity shares by M/s. WestBridge Crossover Fund, LLC, the Board in its meeting held October 27, 2014 has approved the allotment of 3,885,420 equity shares at an exercise price of Rs. 257.374233 per equity share of face value Rs. 2 each, to M/s. WestBridge Crossover Fund, LLC on a preferential allotment basis, in accordance with the applicable provisions of the Companies Act, 1956 (including any statutory modification or re-enactment thereof for the time being in force), and such of the provisions of the Companies Act 2013 as are applicable read with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (as amended from time to time) and in accordance with the approval granted by the Foreign Investment Promotion Board, Department of Economic Affairs, Ministry of Finance, Government of India.
2. Subject to approval of members through postal Ballot and Regional Director / central government and such other approvals, permissions and sanctions, as may be required from time to time, the registered office of the Company be shifted from State of Uttar Pradesh to the State of Haryana.
3. Policy on Related Party Transaction and Material Subsidiary Companies as per Clause 49 of the Listing Agreement and as reviewed and recommended by the Audit Committee. |
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