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TUTICORIN ALKALI CHEMICALS & FERTILISERS LTD. - Outcome of Board Meeting
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05 Dec 2017
&lt;BR&gt; &lt;BR&gt; At the 239th Board Meeting held this evening, Board of Directors approved the following:&lt;BR&gt; &lt;BR&gt; 1. To obtain &apos;in-principle&apos; approval from the BSE in compliance of Regulation 28 of SEBI (LODR) Regulations, 2015 of 1,22,60,000 Equity Shares of Rs.10/- each to Promoters and their Associates by conversion of the Unsecured Loans received from them.&lt;BR&gt; &lt;BR&gt; 2. To issue 74,74,000 Redeemable Cumulative Preference Shares of Rs.100/- each on Private Placement Basis.&lt;BR&gt; &lt;BR&gt; 3. To constitute a Committee consisting of two Independent Directors, viz., Mr. B Narendran and Dr. RM Krishnan and the Managing Director, Mr. G Ramachandran to implement the above proposal including calling of Extraordinary General Meeting of the Shareholders and all other such things that are required for the purpose of issue of shares.&lt;BR&gt; &lt;BR&gt; &lt;BR&gt; 4. The proposals of issue of capital are subject to such approvals that are required under various statues.&lt;BR&gt;
View all announcements for TUTICORIN ALKALI CHEMICALS & FERTILISERS LTD. Source: BSE India