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| Exchange Received Time 28/08/2017 17:36:51 Exchange Disseminated Time 28/08/2017 17:36:59 Time Taken 00:00:08 | This is to inform you under regulation 30, Schedule III, Part A & applicable regulation, of SEBI (LODR) Regulations, 2015 & subject to other applicable laws, rules or regulations that a meeting of the Board of Directors of our Company was held on Monday, 28 Aug 2017 and the said meeting commenced at 12.30 pm & concluded at 5.15 pm
1.Considered and decided the issue of equity shares on a right basis (Right Issue) upto Rs.20.00 Cr, to the existing shareholders of the company, subject to necessary approvals from statutory, regulatory and other authorities, as applicable, in accordance with the applicable provisions of the Companies Act, 2013, SEBI (ICDR) Regulations 2009.
2.Considered and decided to increase the Authorised Share capital of the company upto Rs. 12 Crores, subject to necessary approvals.
3.Considered & formed a Committee of Directors (Right Issue Committee) comprising Mr. Vishal M. Shah, Managing Director, Mr. Bhavin S. Parikh & Mr. Kunjal Vora, directors of the Company. |
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