Rattanindia Power Limitedhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/02/2019 ,inter alia, to consider and approve We would like to inform you that a meeting of the Board of Directors of the Company (the Board) is proposed to be held on or after Saturday, February 2, 2019 to consider the letter of intent expected to be received from the fund based lenders of the Company (the Lenders) with respect to the one time settlement proposal submitted by, inter alia, the Company (the LOI). The board meeting will be held upon receipt of the LOI. In accordance with the terms of the proposed one time settlement, the Board in this meeting will be required to consider, inter alia, an issuance of non-convertible debentures on a private placement basis to potential investors, issuance of redeemable preference shares to the Lenders and issuance of equity shares/ securities convertible to equity shares to potential investors and promoters/promoter group against conversion of debt payable to them, in accordance with the SEBI (ICDR) Regulations 2018, the Companies Act, 2013 and other applicable laws.
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