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| Exchange Received Time 21/06/2018 15:59:05 Exchange Disseminated Time 21/06/2018 15:59:10 Time Taken 00:00:05 | Pursuant to Regulation 30 read with Schedule III of the SEBI LODR , kindly take note that Board of Directors ('Board') of the Company at their meeting held Thursday, on 21st June, 2018 has approved the Reduction of Capital of the Company pursuant to provisions of Section 66 read with Section 52 of the Companies Act, 2013 and all other applicable provisions of the Companies Act, 2013.
The Scheme will be subject to requisite approvals of the National Company Law Tribunal ('NCLT'), Stock Exchange(s), other statutory approvals and approval of the shareholders of the Company.
The relevant documents for obtaining approval under Regulation 37 of the SEBI Listing Regulations will be submitted to the stock exchange(s).
Disclosure pursuant to Regulation 30 of the SEBI Listing Regulations is annexed herewith. The Board Meeting was commenced at 2.00 p.m. and concluded at 3.45. p.m. |
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