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| Exchange Disseminated Time | Spicejet Ltd has informed BSE that subject to the approval of the shareholders of the Company as per the provisions of the Companies Act, 1956 read with provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (“SEBI ICDR Regulations”) and such other approvals, consent, etc. as may be required in this regard, the Board of Directors of the Company at its meeting held on November 21, 2012 has, inter-alia, decided to issue convertible debenture and/or warrants convertible into upto a maximum of 52,177 million equity shares to the promoter of the Company, on preferential basis on a price to be determined as per SEBI ICDR Regulations.
The Board further decided to conduct postal ballot exercise pursuant to Section 192A of the Companies Act, 1956 read with Companies (Passing of the Resolution by Postal Ballot) Rules, 2011 to give effect to the above and such other business as may be included in the postal ballot notice. |
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