|
| Exchange Received Time 27/06/2018 19:18:13 Exchange Disseminated Time 27/06/2018 19:18:19 Time Taken 00:00:06 | Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 we would like to inform you that the Board of Directors of the Company at their meeting held on 27th June, 2018 have interalia considered and approved the following:
1.Issue of equity shares on Preferential Basis upto Rs.30 Crores and the Issue of Convertible Warrants on Preferential Basis upto Rs.20 Crores to the following Promoters of the Company aggregating upto Rs.50 Crores, subject to the approval of the members of the Company at the ensuing AGM:a) Mr. M. Y. Noorani b) Mr. A. Y. Noorani c) Mr. S. Y. Noorani
2.Issue Price of the aforesaid Preferential Issue of equity shares and Convertible Warrants shall be determined on the Relevant Date (i.e. 30th July, 2018) based on the pricing formula as per Regulation 76(1) of SEBI ICDR Regulations.
3.Convening the 34th AGM of the Company on Thursday, 30th August, 2018 at Mumbai.
The Board meeting commenced at 4:30 p.m. and concluded at 7.00 p.m. |
|
|