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Spandana Sphoorty Financial Ltd - Compliances-Reg. 50 (2) - Intimation to Exchange about Intention to raise Funds

| Updated on May 20, 2019 Published on May 20, 2019

This is to inform you that the Board of Directors at their meeting held on 17th May, 2019, has inter-alia considered and approved the following:

i. To create, offer, invite, issue, subscribe, allot unsubordinated or subordinated, perpetual or non-perpetual, listed or unlisted, secured or unsecured, non-convertible debentures, (hereinafter collectively referred as Securities) in one or more modes or combinations thereof and in one or more series or tranches up to an amount not exceeding INR 2000,00,00,000/- (Indian Rupees Two Thousand Crores only) through private placement, in terms of Section 42 read with Section 71 of the Companies Act, 2013 read with relevant rules made there under and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, subject to the approval of the Shareholders in the General Meeting of the Company.


Further, we hereby inform you that the Board, considering the first time adoption of IND- AS and requirement of further information for enabling it to approve the Audited Financial Results of the Company for the financial year ended 31st March, 2019 along with Annual Audit Report of the Statutory Auditors of the Company, decided to defer the said agenda to the next meeting.

We hereby further inform you that the meeting of the Board of Directors of the Company for approving the Audited Financial Results of the Company for the financial year ended 31st March, 2019 is scheduled to held on Friday, 24th May, 2019.

We request you to kindly take on record the aforesaid information.

Pdf Link: Spandana Sphoorty Financial Ltd - Compliances-Reg. 50 (2) - Intimation to Exchange about Intention to raise Funds

Source : BSE - www.bseindia.com

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Published on May 20, 2019
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