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| Exchange Received Time 27/08/2018 20:32:43 Exchange Disseminated Time 27/08/2018 20:32:45 Time Taken 00:00:02 | The Board of Directors in their meeting held today, which was started at 3.00 p.m. and concluded at 8.15 p.m. has considered, discussed and approved inter-alia following business:
1. Issue and allot 1,12,572 Equity Shares of Rs. 10/- each in consideration of acquisition of equity shares of Kisan Phosphates Private Limited under Memorandum of Understanding dated September 15, 2017 on a preferential basis to Mr. Raghav Makharia & Mrs. Aradhana Makharia (Shareholders of Kisan Phosphates Private Limited and members of Promoter & Promoter Group) at an Issue Price of Rs. 208.10/-;
2. Issue and allot warrants of an Investment aggregating upto Rs.15,00,00,000/- (Rupees Fifteen Crores), convertible into Equity Shares for cash, at an Issue Price of Rs. 208.10/- each, on a preferential basis to members of Promoter and Promoter Group of the Company;
3. Matters relating to Annual General meeting of the Company.
Enclosed herewith detailed outcome. |
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