Outcome of Board Meeting

| Updated on April 25, 2016 Published on April 25, 2016

Satin Creditcare Network Ltd has informed BSE that the Board of Directors of the Company at its meeting held through video conferencing at 05.30 P.M. on April 25, 2016 has considered and approved the following matters along with the other items of Agenda:

1. Issuance of 2,50,00,000 Non-Convertible, Rated, Redeemable, Cumulative, Preference Share (NCRCPS) of Rs. 10/- each aggregating upto Rs. 25,00,00,000/-, on a private placement basis to the persons belonging to non-promoter group.

2. Increase in the maximum number of Directors of the Company from existing fifteen to upto twenty.

Source : BSE - >www.bseindia.com

Published on April 25, 2016
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