With reference to the captioned subject, we wish to inform you that the Board of the Directors of the Company at their meeting held today i.e. Tuesday, 5th March, 2024 has considered and approved the following:
1. Subject to the approval of the members of the Company the Board has decided to issue and allot Equity Shares of the Company on a Preferential Basis to Proposed Promoter and Promoter Group and Strategic Investors (Non-Promoters) as per the SEBI (ICDR) Regulations, 2018.
2. Draft Postal Ballot Notice Approved
3. Mr. Artham Someswara Rao, (ACS: 18979 CP No.: 19530) of M/s A. Someswara Rao & Associates, Practicing Company Secretary, Hyderabad, is appointed as the Scrutinizer for conducting Postal Ballot process/ Remote E- voting process in fair and transparent manner.
4. Cut-off date for determining the eligibility of the shareholders entitled to cast their vote by Postal Ballot only through Remote E-voting shall be Friday, 1st March 2024.
|