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Outcome of Board Meeting

| Updated on March 13, 2018 Published on August 05, 2017

The board of directors of the Company at its meeting held today August 5, 2017 has inter-alia considered and approved the following matters:

1. Preferential issue securities to Rane Holdings Limited (belonging to the Promoter and promoter group):
(a) 10,96,892 equity shares of face value of Rs.10/- each, fully paid up, for cash, at a price of Rs.547/- each; (b) 3,65,630 warrants of face value of Rs.10/- each, for cash, at a price of Rs. 547/- each, convertible into 3,65,630 Equity shares of face value of Rs.10/- each, fully paid up at a price of Rs. 547/- per share at any time after the date of allotment but on or before the expiry of 18 months from the date of allotment.

2. Convening of an EGM of the members on September 1, 2017 for the aforementioned preferential issue of equity shares and warrants. The relevant date for the preferential issue shall be Thursday, August 2, 2017.

The meeting of the board of directors commenced at 09.45 hrs. and concluded at 11.50 hrs. (IST).

Pdf Link: Outcome of Board Meeting

Source : BSE - www.bseindia.com

Published on August 05, 2017
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