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IMP POWERS LTD. - Board Meeting on May 27, 2015
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26 May 2015
IMP Powers Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 27, 2015, to transact the following:&lt;BR&gt;&lt;BR&gt;1. Approval of the Shorter Notice of the Board Meeting.&lt;BR&gt;&lt;BR&gt;2. To withdraw the application in respect of the Prior in-principle approval under Clause 24(a) of the Listing Agreement for the issue of 5,00,000 Equity Shares to Promoter Group Companies on preferential basis, as approved by the members of the Company on February 25, 2015 by way of Postal ballot.&lt;BR&gt;&lt;BR&gt;3. To consider and approve the fresh proposal for issue of such number of Equity Shares on preferential basis to Advance Transformers &amp; Equipments Pvt. Ltd. and Universal Transformers Pvt. Ltd. (Promoter Group Companies) by conversion of their Unsecured loan into Equity Shares, subject to the approval of the Members, in Compliance with SEBI (ICDR) Regulations, 2009, Companies Act, 2013 and other applicable laws, rules and regulations.&lt;BR&gt;&lt;BR&gt;Further, as per the SEBI (Prohibition of Insider Trading) Regulations, 2015 and in terms of the Company&apos;s Code of Conduct for Regulating, Monitoring, and Reporting Trading By Insiders, the &apos;Trading Window&apos; for dealing in Equity Shares of the Company shall remain closed from the date of this Notice i.e. May 26, 2015 till the expiry of 24 hours from the time the Outcome is communicated to the Stock Exchanges on the date of the Meeting i.e. May 27, 2015.
View all announcements for IMP POWERS LTD. Source: BSE India