pproved the appointment of Mr. Jay Atul Parekh (DIN: 10686834) as Managing Director of the Company, subject to the approval of members in ensuing General Meeting of the Company, brief profile of appointee director is attached as Annexure - A.
2. Allotment of 2,69,47,050 equity shares of the Company of face value of Re. 10/-each ('Equity Shares'), in dematerialized form, on Preferential basis to non-promoters at a price of Rs. 26/- (including premium of Rs. 16/-) as determined in accordance with Regulation 164 read with 166A of SEBI ICDR Regulations, to the following persons, for consideration other than cash (share swap): being discharge of total purchase consideration of Rs. 70,06,23,300
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