MARKOLINES PAVEMENT TECHNOLOGIES LTD - Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Directors In Accordance With Regulation 30 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

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Markolines Pavement Technologies Ltd - Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Directors In Accordance With Regulation 30 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

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24 Feb 2023
The Right issue of our company opened for subscription on January 27, 2023, and closed on February 24, 2023. In this regard, we wish to inform you that as per the bid data received, the said rights issue has not received the minimum subscription of 90%. The Board of Directors decided in its meeting held on February 24, 2023, to declare the issue as 'Unsubscribed'. Further, as per Regulation 86 of SEBI ICDR Regulations, the Company shall refund the entire subscription amount received to the applicants within 4 (Four) days from the Issue Closing Date. If there is a delay in making refunds beyond such period as prescribed by applicable laws, the Company will pay interest for the delayed period at the rate of 15% p.a. as prescribed under SEBI ICDR Regulations.
View all announcements for Markolines Pavement Technologies Ltd	Source: BSE India

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