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Board Meeting-Outcome of Board Meeting

| Updated on March 27, 2018 Published on March 27, 2018

This is to inform you that the Board of Directors of the Company at its meeting held today, has inter alia; approved:

a. Allotment of 1000 (One Thousand) Secured Unlisted Non-Convertible Debentures (NCDs) of the face value of Rs.10,00,000/- (Rupees Ten Lakhs Only) each, aggregating to Rs.100 Crores (Rupees One Hundred Crores only), being a first tranche, to UTI Structured Debt Opportunities Fund I on a private placement basis.

The above issue / allotment of NCDs are in terms of the approval granted by the shareholders at the 33rd Annual General Meeting of the Company held on September 15, 2017.

Further, the entire proceeds of the above NCDs issue will be utilized to repay existing debts & general corporate purposes.

and other as per attachment

Pdf Link: Board Meeting-Outcome of Board Meeting

Source : BSE - www.bseindia.com

Published on March 27, 2018
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