In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we wish to inform you that the Board of Directors of the Company at their meeting held today i.e., Friday, 26th March, 2021 (commenced at 02.30 P.M. and concluded at 03.00 P.M.), inter-alia, approved the allotment of 3,50,00,000 (Three Crore Fifty Lakh) Fully Convertible Warrants ('Warrants') each carrying a right to subscribe equal no. of Equity Share of Rs. 2/- (Rupees Two Only) each of the Company, for cash, at an issue price of Rs. 25/- (Rupees Twenty-Five Only) (including premium of Rs. 23/-) per warrant, on preferential basis to an entity belonging to the promoter group of the Company ('Allottee').
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