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| Exchange Received Time 30/08/2017 17:00:15 Exchange Disseminated Time 30/08/2017 17:00:17 Time Taken 00:00:02 | In this connection, we refer to the intimation letter dated 14th August 2017 submitted to the stock exchanges wherein we informed that application submitted to The Executive Director, Corporate Finance Department, Securities and Exchange Board of India (SEBI), for extension of time limit for conversion of 3,00,00,000 Warrants into Equity Shares beyond 18 months from the date of warrant allotment under SEBI (ICDR) Regulations 2009.
We wish to inform you that based on the application submitted, Securities and Exchange Board of India (SEBI), vide their letter CFD/DIL-1/OW/19491/2017 stating that not to extend the conversion period of warrants into equity shares beyond 18 months.
In this regard, further application has been submitted to the Chairman of SEBI for reconsideration of our application for extension of time limit for conversion of warrants into equity shares. |
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