Outcome of Board Meeting

| Updated on January 30, 2016 Published on January 30, 2016

Oswal Overseas Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 30, 2015, approved the following :

1. With reference to the earlier letter dated January 11, 2016, Oswal Overseas Limited has now informed BSE that in third tranche the Company has successfully issued and allotted 10,00,000 Non-Convertible Redeemable Preference Shares (NCRPS) of the face value of Rs. 10 each aggregating Rs. 1 crore out of total offer size of Rs. 6 crore on a private placement basis.

These NCRPS have been issued on a private placement basis through a private placement offer letter addressed specifically to certain eligible investors and which is not intended to be an advertisement, invitation, offer, sale or solicitation of an offer to the public at large for investing in these NCRPS.

2. To strengthen the Board of the Company Mr. Rajinder Pal Singh has been appointed as Additional Independent Director of the Company w.e.f. January 30, 2015.

3. The Board has re-constituted the various Committee as per Companies Act, 2013.

Pdf Link: >Outcome of Board Meeting

Source : BSE - >www.bseindia.com

Published on January 30, 2016
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