This is to inform that the Board of Directors of the Company in its meeting held today i.e. 5th March, 2024, with a view to comply with the requirement of minimum paid up capital of Rs, 35,00,00,000 (Rupees Thirty Five crore only) of Signatureglobal Business Park Private Limited (SBPPL), a wholly owned subsidiary, has approved the investment of Rs. 29,90,00,000 (Rupees Twenty Nine Crore Ninety Lakhs only) in the 2,99,00,000 (Two Crore Ninety Nine Lakhs ) equity shares of Rs.10 each of SBPPL for cash at par.
SBPPL has received LOI from Directorate of Town & Country Planning (DTCP), Haryana for setting up a project over an area of 128.69 acres and as stipulated by one of the conditions by DTCP, SBBPL has to ensure to have a minimum paid up capital of Rs. 35 crore.
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