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| Exchange Disseminated Time 04/08/2016 16:45:02 | Parsvnath Developers Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 12, 2016, inter alia, to consider the following;
1. Consider and approve the proposal to raise funds by way of issue of Non - Convertible Debentures (NCDs) on Private Placement basis.
2. Recommend the matter for approval of the members of the Company at the forthcoming Annual General Meeting, enabling the issuance of NCDs on private- placement basis in terms of the provisions of the Companies Act, 2013.
In this connection, as per the Company’s Code of Conduct to regulate, monitor and report trading by Insiders (“the Code”) adopted by the Company pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for trading in the securities of the Company would remain closed from August 05, 2016 to August 18, 2016 (both days inclusive) for the Insiders covered under the Code. |
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