Outcome of Board Meeting

Sadbhav Engineering Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 27, 2014, inter-alia, has pursuant to the applicable provisions of the Companies Act, 2013 read with the rules made thereunder and approval of the Shareholders of the Company vide Special resolution dated September 26, 2014, issued and allotted 1200 (One Thousand Two Hundred) numbers of Rated, Listed, Secured, Redeemable, Non-Convertible Debentures of the face value of Rs. 10,00,000/- (Rupees Ten Lakh only) each, for cash, aggregating upto Rs. 120,00,00,000/- (Rupees One Hundred Twenty Crores only), on the terms and conditions contained in the Information Memorandum dated November 26, 2014 on private placement basis.

Source : BSE - >www.bseindia.com

Published on November 27, 2014
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