Corporate Announcement
Security Code : 532904    Company : SUPREMEINF    
 
Outcome of Board Meeting (EGM on Dec 13, 2013)Download PDF
  Exchange Disseminated Time     
Supreme Infrastructure India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 14, 2013, has approved the following matters:

1. a. Issuance and allotment of 20,00,000 Equity Shares of Rs. 10/- each to the Non Promoters on preferential allotment basis.

b. Issuance and allotment of 13,50,000 Equity Shares of Rs. 10/- each and 20,00,000 Convertible Warrants to be converted into equal number of Equity Shares of Rs. 10/- each within a period of 18 months from the date of their allotment to the Promoters/ Promoter Group of the Company on preferential allotment basis.

The aforesaid issuance and allotment shall be at a price not less than the price determined in accordance with the pricing formula prescribed under SEBI (Issue of Capital and Disclosures Requirements) Regulations and in accordance with the applicable provisions of all applicable laws including the Companies Act, SEBI (Issue of Capital and Disclosures Requirements) Regulations, 2009 and any other applicable provisions or Regulations, if any and subject to all necessary approvals including the approval of the members at the General Meeting.

2. To Convene an Extra Ordinary General Meeting of the Company on December 13, 2013 for the approval of aforesaid Preferential Issue/ allotment stated above.
 

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