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| Exchange Disseminated Time | Omkar Speciality Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 13, 2014, inter alia, has discussed and approved the following :
1. Considered and took note of the statement of Utilization of Proceeds procured by issue of shares pursuant to conversion of warrants and expressed its satisfaction.
2. Raising of funds upto an amount of Rs. 125 crores, by way of a qualified institutions placement, on such terms and conditions as may be decided by the Board of Directors and / or Committee of the Board, in accordance with the provisions of Chapter VIII of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and other applicable laws, subject to approval of the members of the Company through postal ballot.
3. Increase in Authorised Share Capital of the Company from Rs. 25 crores to Rs. 35 crores, subject to the approval of the Members of the Company through postal ballot. |
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