ASHIKA CREDIT CAPITAL LTD - Board Meeting Outcome for Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015- Outcome Of The Preferential Issue Committee Meeting Held Today I.E. 22Nd August, 2024.

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Ashika Credit Capital Ltd - Board Meeting Outcome for Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015- Outcome Of The Preferential Issue Committee Meeting Held Today I.E. 22Nd August, 2024.

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22 Aug 2024
With reference to the captioned subject read along with the Outcome of the Board meeting held on 31st July, 2024 and pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 we would like to inform you that Ms. Varsha Jain, one of the proposed allottee to whom 20,700 Equity Shares was proposed to be issued on Preferential Basis, subject to approval of the shareholders, has been disqualified pursuant to contravention of Regulation 159 of Chapter V of SEBI (ICDR)Regulations, 2018. In view of this above disqualification, the Preferential Issue Committee (PI Committee) of the Board of Directors of the Company, pursuant to the power delegated to it by the Board of Directors of the Company in its meeting held on 31st July, 2024, has proposed that these 20,700 Equity Shares which were earlier proposed to be allotted to Ms. Varsha Jain shall now be allotted to Mr. Bijay Kumar Dokania, another existing allottee of the preferential issue subject to approval of the shareholders.
View all announcements for Ashika Credit Capital Ltd	Source: BSE India

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