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Shanti Educational Initiatives Ltd - Outcome of Board Meeting

| Updated on July 31, 2019 Published on July 31, 2019

Board of Directors of the Company at their meeting held today, i.e. Wednesday, 31st July, 2019, which commenced at 5.30 p.m. and concluded at 07.00 p.m transacted the following businesses
1.To issue upto 4,34,000 warrant fully convertible into equity shares for an amount not exceeding Rs. 5.00 crores to a body corporate on preferential issue basis at a conversion price of Rs.115/-per equity shares (including premium) OR at a price determined in accordance with the SEBI (ICDR) Regulations,2009 as amended, subject to approval of Shareholders and other regulatory authorities.
The Relevant Date for the purpose of calculating the price of Warrant to be issued in terms hereof shall be July 31, 2019.
2.Fixed the Schedule of 31st Annual General Meeting of the Company along with the approval of Notice for the said meeting.
3.Considered and approved the Directors Report and the annexures thereto for the financial year ended on 31.03.2019
Kindly take the same on record.


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Source : BSE - www.bseindia.com

Published on July 31, 2019
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