IM+ Capitals Limited - Board Meeting Outcome for Outcome Of The Board Meeting
08 Jul 2024
Pursuant to Regulation 30 (read with Part A of Schedule III) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 as amended, this is to inform that, the Board of directors of the Company at its meeting held today i.e., 08th July, 2024, has inter-alia, considered and approved the following items subject to shareholder's approval:
1. ALLOTMENT OF EQUITY SHARES PURSUANT TO CONVERSION OF WARRANTS
The Board has accorded its approval/consent for issuance and allotment of 44,85,000 number of equity shares pursuant to conversion of 44,85,000 number of warrants convertible in to equivalent number of equity shares to the person(s) belonging to Promoter Group on preferential basis after receipt of balance amount of 75% against each warrant towards full and final subscription amount for conversion of same into equity shares.
Source:
BSE India