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| Exchange Disseminated Time 05/11/2015 16:26:29 | Sanwaria Agro Oils Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 05, 2015, has transacted the following businesses:
1. The Board has approved, subject to approval of Members and applicable regulatory authorities, inter alia, issuance of 2,00,00,000 (Two Crore) Equity shares at a price of Rs. 25/- (Twenty Five) per Equity shares amounting to Rs. 50,00,00,000 (Fifty Crores) by a way of preferential allotment pursuant to the provisions of Section 42 and Section 62 and other applicable provisions of the Companies Act, 2013 and SEBI (ICDR) Regulations as amended to the promoters.
2. The Board has approved the draft notice of Extraordinary General Meeting, to be convened on November 28, 2015 at the registered office of the Company at E-1/1, Arera Colony, Bhopal-462016 (M.P.)
3. The Board has appointed Mr. P.K. Rai as the Scrutinizer for scrutinizing the E-voting and poll to be held in Extraordinary General Meeting.
4. The Board considered and approved the private placement offer letter (Form PAS-4) as per the provisions of Section 42 of the Companies Act, 2013 read with Rule 14(1) of Companies (Prospectus and Allotment of Securities) Rules, 2014 pertaining to Preferential allotment of the Company. |
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