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MOSCHIP SEMICONDUCTOR TECHNOLOGY LTD. - Outcome of Board Meeting
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31 Aug 2015
Moschip Semiconductor Technology Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 31, 2015, inter alia, has approved the following for placing before the members for their approval :&lt;BR&gt;&lt;BR&gt;1. Appointment of Mr. K Ramachandra Reddy as a Chairman &amp; CEO and Mr. C Dayakar Reddy as a Managing Director of the Company and fixation of their remuneration.&lt;BR&gt;&lt;BR&gt;2. Preferential Issue of 49,78,813 Equity Shares of Rs. 2/- each.&lt;BR&gt;&lt;BR&gt;3. Preferential Issue of 3,00,000 Equity Warrants of Rs. 2/- each.&lt;BR&gt;&lt;BR&gt;4. Preferential issue of 2,11,86,441 Compulsory Convertible Debentures of Rs. 2/- each&lt;BR&gt;&lt;BR&gt;The issue price of all the above securities will be in accordance with the SEBI (ICDR) Regulations, 2009 and to be specified persons mentioned in the Notice of AGM.&lt;BR&gt;&lt;BR&gt;5. Board approved the resignation of Mr. Damoder Bethamalla Company Secretary.&lt;BR&gt;&lt;BR&gt;6. Appointment of Mr. Suresh Bachalakura as a Company Secretary and Compliance Officer w.e.f. September 01, 2015.
View all announcements for MOSCHIP SEMICONDUCTOR TECHNOLOGY LTD. Source: BSE India