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| Exchange Received Time 04/04/2018 13:25:41 Exchange Disseminated Time 04/04/2018 13:25:47 Time Taken 00:00:06 |
1. The Board has authorised the Managing Director to explore the possibilities of raising funds for expansion of business activities by way of allotment of :-
a) equity shares on a preferential allotment basis to Non- Promoters / Non Promoter Groups
b) convertible Warrants to Non- Promoters / Non Promoter Groups
c) convertible Warrants to Promoters / Promoter Groups,
as per the provisions of the Companies Act, 2013 and SEBI (ICDR) Regulations 2009, and other applicable acts/regulations/guidelines subject, to necessary approvals.
2. Further in relation to the above preferential allotment of equity shares and issue of convertible Warrants, the Board has decided to conduct another Board Meeting on April 12, 2018, to consider and approve the specific recommendations of the Managing Director.
3. The Board of Directors appointed Mr. A.J. Noel T. Da Silva as CFO, Company Secretary ( FCS 3083), Compliance Officer and KMP, of the Company w.e.f. April 01, 2018.
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