SVC Resources Ltd has informed BSE that the Board of Directors of the Company in their meeting held on February 17, 2017 have allotted 20,667 equity shares of Rs. 1/- each at an issue price of Rs. 2/- per share to Mr. Akhilesh Malvi, Managing Director of the company aggregating to Rs. 41,334/- pursuant to approval of members of the company obtained through postal ballot on February 14, 2017. and in-principle approval letter from BSE Limited dated February 10, 2017.<BR><BR>Pursuant to section 42 of Companies Act, 2013 and rule 14(3) of Companies (Prospectus and Allotment of Securities) Rules, 2014, find enclosed private placement offer document in form PAS - 4 and List of Allottee in form PAS - 5 as issued by the Company.
|