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| Exchange Disseminated Time 12/08/2016 18:03:46 | Kiri Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 12, 2016, inter alia, have approved the following:
1. Draft notice of for convening 18th Annual General Meeting of the members of the Company on Friday, September 23, 2016;
2. To Issue upto 35,00,000 Warrants convertible into Equity Shares on Preferential Basis to Equinaire Chemtech LLP, a Limited Liability Partnership - Promoters Group of the Company at the price determined in accordance with provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 for meeting long terms capital expenditure on expansion / diversification projects and repayment of restructured loans.
The meeting was commenced at 2.30 p.m. and concluded at 5.20 p.m. |
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