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| Exchange Received Time 28/04/2018 16:08:44 Exchange Disseminated Time 28/04/2018 16:08:54 Time Taken 00:00:10 |
Dear Sir / Madam,
We would like to inform you that the Board of Directors of the Company in their meeting held today, i.e. April 28, 2018 approved the following:
1. To issue and allot, subject to the approval of the shareholders of the Company, a maximum of upto 1,70,00,000 (One Crore Seventy Lakh) equity shares of the Company of face value Rs. 2/- each ('Equity Shares') to the Promoters and persons/entities forming part of the Promoter Group, as per enclosed letter.
The issue price for the proposed allotment of Equity Shares will be determined in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.
2. Notice for passing of proposed resolution by means of Postal Ballot in accordance with the provisions of Companies Act, 2013 and rules/regulations made thereunder. |
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