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).

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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).

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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.
View all announcements for Elitecon International Ltd	Source: BSE India

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