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| Exchange Disseminated Time | With reference to the earlier letter dated January 31, 2015 inter-alia fixing the date for Extra Ordinary General Meeting of members for issue of convertible warrants on preferential basis to promoters, Usha Martin Ltd has now informed BSE that the date of said Extra Ordinary General Meeting of members is now proposed to be held on March 16, 2015, instead of March 09, 2015 intimated earlier.
Further, the Company also proposes to explore issuance of Non Convertible Debentures (NCDs) / Bonds for an amount of upto Rs. 400 crores through private placement to replace existing borrowings of the Company by same amount. The shareholders' approval shall be solicited for this proposal as well through notice for the Extra Ordinary General Meeting of members proposed to be held on March 16, 2015. |
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