|
| Exchange Disseminated Time | Diamond Power Infrastructure Ltd has informed BSE the Board of Directors of the Company at its meeting held on May 30, 2014, inter alia, has considered and approved the following:
1. Considered and approved the Whistle Blower/ Vigil Mechanism.
2. Renamed the Existing Remuneration Committee as Nomination and Remuneration Committee.
3. Renamed the Investors' Grievance Committee as Shareholders Grievances and Relationship Committee.
4. Constituted a Corporate Social Responsibility Committee.
5. Increased, subject to the approval of the Shareholders of the Company, the Authorized Shares Capital of the Company to Rs. 80,00,00,000 (Rupees Eighty Crores Only) divided into 7,58,58,500 (Seven Crores Fifty Eight Lacs Fifty Eight Thousand Five Hundred Only) Equity Shares of Rs. 10/- (Rupees Ten) each and 41,41,500 (Forty One Lacs Forty One Thousand Five Hundred Only) Preference Shares of Rs. 10/- (Rupees Ten) Each.
6. Subject to the approval of the Shareholders, issuance of 55,00,000 Equity Warrants, convertible in to shares within 18 Months to Strategic Investors and promoters, on a preferential basis at a Price as determined in accordance with the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 ("ICDR Regulations")
7. Subject to the approval of the Shareholders of the Company, given authority to a committee of Directors for issuance of Equity Shares to QIB for amount not exceeding Rs. 250 Cr.
8. Constituted a Qualified Institutional Placement Committee. |
|
|