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| Exchange Received Time 01/02/2018 14:05:25 Exchange Disseminated Time 01/02/2018 14:05:29 Time Taken 00:00:04 | Pursuant to Regulation 30 read with Part A of Schedule III of SEBI (LODR), 2015, we hereby inform you that Board of directors at their meeting held on 1st February 2018 decided A. to raise funds by issue equity shares/share warrant upto Rs.80 Crores to Mandawewala Enterprises Limited, the holding company and promoter on preferential basis by conversion of corporate loan of Rs.45 Crores and balance by way of fresh funding, subject to the approval of shareholders and compliance of SEBI (issue of capital and disclosure requirement) regulation 2009, the Companies Act 2013,etc.
B. Approved draft scheme of Employees stock option scheme subject to the approval of shareholders for issue of options upto 9,80,989 equity shares of Rs.10 each to managerial personnel at price to be decided by Nomination and Remuneration Committee at the price not less than face value of equity share and shall not exceed market price of the equity share of the Company as on date of grant of Option.
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