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Safari Industries (India) Ltd. - Outcome of Board Meeting

| Updated on May 13, 2019 Published on May 13, 2019

Further to our intimation dated May 6, 2019 under Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors in their meeting held today at 11.30 a.m. have considered and approved the following matter:

1. Funds raising by issue of equity shares of face value of Re. 2 each (Equity Shares) through Qualified Institutions Placement for an aggregate amount not exceeding Rs. 100 Crore (Rupees One Hundred Crore) or equivalent thereof, inclusive of such premium as may be fixed on such Equity Shares by offering the Equity Shares at such price or prices, subject to receipt of approval of the shareholders.
2.Re-appointment of Dr. Shailesh Mehta (DIN: 01633893) as Independent Director of the Company for the period of 3 (three) years w.e.f. 28th July 2019;
3.Re-appointment of Mr. Dalip Seghal (DIN: 00217255) as Independent Director of the Company for the period of 5 (five) years w.e.f. 28th July 2019;
4.Re-appointment of Mr. Punkajj Lath (DIN: 00172371) as Independent Director of the Company for the period of 5 (five) years w.e.f. 28th July 2019

Pdf Link: Safari Industries (India) Ltd. - Outcome of Board Meeting

Source : BSE - www.bseindia.com

Published on May 13, 2019
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