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| Exchange Received Time 06/09/2017 16:03:57 Exchange Disseminated Time 06/09/2017 16:04:02 Time Taken 00:00:05 | Dear Sirs,
Sub:Meeting of the Capital Issue Committee of Board of Directors of the Company on September 09, 2017
This is further to our letter dated May 08, 2017.
Further the Company had also informed to the Stock Exchanges through its letter dated May 26, 2017, that Board in its Meeting held on May 26, 2017 accorded its consent for availing the financial facilities up to Rs 243 Crore instead of Rs 235 Crores in the form of loan including NCDs.
In terms of Regulation 29 (1) & (2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that a meeting of the Capital Issue Committee of the Board of Directors of the Company will be held on September 09, 2017, inter-alia to consider and approve issue of Unlisted, Secured, Redeemable, Non-Convertible Debentures aggregating to Rs. 57 crores on a private placement basis.
For Walchandnagar Industries Ltd.
G. S. Agrawal
Vice President (Legal & taxation) & Company Secretary
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