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| Exchange Received Time 21/08/2018 16:30:33 Exchange Disseminated Time 21/08/2018 16:30:40 Time Taken 00:00:07 | We wish to inform that the Board of Directors in its meeting held today, the 21st Day of August, 2018 commenced at 3:00 P.M. and concluded at 4:00 PM and have transacted the following business:
1. Approved the notice for calling the 41st Annual General Meeting of the Company to be held on the 25th day of September, 2018 at 12:30 P.M at Hotel Pushpak, Bhubaneswar.
2. Approved the conversion of Unsecured Loan upto Rs. 15,00,00,000/- (Rupees Fifteen Crores Only) into 0% Optionally Convertible Debentures of Rs. 1000/- (Rupees One Thousand) each, subject to approval of shareholders, on such other terms and conditions as may be agreed upon between the Company and the Lenders.
Kindly take the above on record.
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