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SHRIRAM EPC LTD. - Outcome of Board Meeting
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24 Mar 2017
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the following are the outcome of the Board Meeting:- 1.Issue of 53,78,688 equity shares on preferential basis in terms of ICDR Regulations on Conversion of the Working Capital Term loan (WCTL) to CDR Lenders (as per CDR Package) based on final reconciliation. 2.Preferential issue to a Private Limited Company for an amount not exceeding Rs. 35 crores subject to shareholders and other regulatory approvals, at a price to be determined as per regulations. 3.Approval for Alteration of Memorandum of Association of the Company consequent to the increase in Authorised Share Capital of the Company 4.Approval for Alteration of Articles of Association of the Company 5.To seek shareholders approvals for above We also would like to inform you that the item of proposed appointment of a Nominee Director is deferred and not discussed at this meeting. Kindly take the above on record and confirm.
View all announcements for SHRIRAM EPC LTD. Source: BSE India