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Exchange Received Time  14/08/2018 16:08:42 Exchange Disseminated Time 14/08/2018 16:08:52 Time Taken 00:00:10 | BOD had approved the following: -UFR for the QE 30.06.18 after the Limited Review ? 69th AGM of the Company to be held 14.09.2018 at Registered Office ? Register of Members and Share Transfer Books would remain close from 10.09.2018 to 14.9.2018 (both days inclusive) BOD in their meeting held today, also considered and approved the following: ?Settlement with the FCCB of their outstanding in the following manner subject to members and regulatory approvals. - Total Liabilities Rs.110 Crores - Upfront Payment Rs. 40 Crores - Waiver Interest Rs. 7 Crores - Fresh Equity Rs. 63 Crores - Raising of fresh term loan upto Rs.120 Crores to pay the upfront payment to FCCB holders as mentioned above and liquidate the existing term debt from banks. - Issue of fresh equity shares to the fresh term lender upto Rs.9.16 Crores - Increase in the Authorized Share Capital by Rs.50 Crores i.e. from Rs.200 Crores to 250 Crores. |
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