Updates on Outcome of Board Meeting

Somany Ceramics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 24, 2015, inter alia, has approved the following matter(s):

1. To obtain consent of the Members of the Company by way of passing Special resolutions through Postal Ballot for:-

a) Issuance of securities aggregating upto Rs. 150.00 Crore pursuant to Sections 23, 42, 62 of the Companies Act, 2013 and the rules prescribed thereunder and other applicable laws.

b) Increase in present investments limits of Foreign Institutional Investors (FIIs)/ Foreign Portfolios Investors (FPIs) and Non Resident Indians (NRIs) in the paid up equity share capital of the Company in accordance with applicable laws.

The voting shall be reckoned in proportion to the shares held by a Member in the paid up equity share capital of the Company as on March 27, 2015, i.e., cut-off date.

Source : BSE - www.bseindia.com

Published on March 24, 2015


This article is closed for comments.
Please Email the Editor