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Arcotech Ltd. - Board Meeting Intimation for Issue And Allotment Of 1% Non- Convertible Non- Cumulative Redeemable Preference Shares (NCNCRPS)

| Updated on March 29, 2019 Published on March 29, 2019

ARCOTECH LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/03/2019 ,inter alia, to consider and approve This is to inform that, pursuant to the approval received from the shareholders of the Company in its Extraordinary General Meeting held on 29.03.2019, a meeting of the Board of Directors of the Company will be held on Saturday, 30.03.2019 at office at 12:00 Noon to allot 35,00,000 Non- Convertible, Non-Cumulative Preference Shares and Redeemable within 10 years from the date of allotment thereof and shall carry 1% dividend on such shares Preference Shares of face value of Rs. 100/- each in lieu of the conversion of outstanding unsecured loans of M/s. Sidhant Distributors Pvt. Ltd., the Promoter/existing shareholder, with the Company, in compliance with Section 42, 55 and 62 and all other applicable provisions of the Companies Act, 2013 and subsequent amendments thereto read with Rules applicable thereto.

Pdf Link: Arcotech Ltd. - Board Meeting Intimation for Issue And Allotment Of 1% Non- Convertible Non- Cumulative Redeemable Preference Shares (NCNCRPS)

Source : BSE - www.bseindia.com

Published on March 29, 2019
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