Elitecon International Ltd - Board Meeting Outcome for Outcome Of Board Meeting Of The Company Dated August 09, 2024 (Which Was A Continuation Of Meeting Held On July 12, 2024).
09 Aug 2024
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, this is to inform you that the Board of Directors of the
Company at its meeting held on August 09, 2024, had inter-alia, considered and approved the
following matters:
1. Conversion of Loan received from the Promoter & Promoter Group of the Company into
Convertible Securities.
2. Issue of 15,85,00,000 (Fifteen Crores Eighty-Five Lakhs) Convertible warrants ('Warrants") of
the Company at a price of Rs. 10/- (Rupees Ten only) per warrant ('Issue Price"), aggregating to
Rs. 1,58,50,00,000/- (Rupees One Hundred Fifty Eight Crores Fifty Lakhs Only), on Preferential
basis to identified investors, subject to the approval of the members of the Company in their
ensuing general meeting.
Source:
BSE India