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| Exchange Received Time 27/07/2018 17:11:35 Exchange Disseminated Time 27/07/2018 17:11:42 Time Taken 00:00:07 | We wish to inform you that the Board of Directors of the Company, at their Meeting held today, i.e. Friday, July 27, 2018, has considered and approved the following:
1. Increase of Authorised Share Capital of the Company from Rs. 25,00,00,000/- (Rupees Twenty Five Crores Only) to Rs. 30,00,00,000/- (Rupees Thirty Crores Only) and the consequent alteration of MOA of the Company.
2. Issue of upto 1,89,89,000 Equity Shares ('Equity Shares') on a Preferential Basis
3. Issue of upto 41,00,000 Equity Shares Warrants ('Warrants'), carrying an entitlement to apply for equivalent number of Equity Shares at a price of Rs. 17/- per Equity Share (including a Premium of Rs. 7/- per Equity Share), which is not less than the price (hereinafter referred to as the 'SEBI Price')
4. Convening of EGM of the Shareholders of the Company on Thursday, August 23, 2018, for the purpose of obtaining their approval, by way of Special Resolutions.
The Board Meeting commenced at 1.00 p.m.& concluded at 3.00 p.m. |
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