We wish to inform that the Board of Directors of the Company, at its meeting held today i.e. August 12, 2022 (which commenced at 07:30 p.m. and concluded at 08:10 p.m), inter alia, considered and approved -
(a) standalone and consolidated financial results of the Company for the quarter ended June 30, 2022;
(b) issue of Non-convertible Debentures and/ or Bonds, on private placement basis, within the existing borrowing limits, subject to shareholders' approval.
We, further, wish to inform that the Board of Directors of Indiabulls Life Insurance Company Limited, a material unlisted subsidiary of the Company ('IBLIC'), in its meeting held today i.e. on August 12, 2022, has appointed M/s Agarwal Prakash & Co, Chartered Accountants (FRN: 005975N), as statutory auditors of IBLIC, who are already existing statutory auditors of the Company and all other subsidiaries of the Company, in place of M/s Ajay Sardana & Associates, Chartered Accountants (FRN: 016827N).
Please refer attachment.
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