|
| Exchange Received Time 29/01/2018 16:50:32 Exchange Disseminated Time 29/01/2018 16:50:43 Time Taken 00:00:11 | Outcome of Board Meeting
1. The Board of Directors has discussed and approved raising of funds by way of a Qualified Institutions Placement of equity shares in accordance with the provisions of Chapter VIII of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended from time to time and other applicable laws, an amount upto Rs. 30 Crores and the limit of 24 per cent of FIIs be increased up to the sectoral cap as applicable to the Company, subject to the approval of shareholders of the Company
2.Pursuant to Section 42 and 62 of the Companies Act 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, and Subject to approval of members, it is decided to issue and allot up to maximum 1,00,00,000 convertible warrants issued
3.Board has approved the notice of Extra Ordinary General Meeting of the company will be held on Friday 23 day of February 2018 at Plant office of the Company. |
|
|