The Board of Directors of the Company in its meeting held on Wednesday 09th October 2019 has considered and taken on record the following matters;
Proposed to Issue 2 35 20 000 (Two crore thirty-five lakhs twenty thousand) convertible equity warrants face value of Rs. 10/- each at an issue price of Rs. 10/- each and aggregating to Rs. 23 52 00 000/- (Rupees Twenty-three crore fifty-two lakhs only) on preferential basis to Promoter/promoter group and strategic investors not forming part of the promoter or promoter group and /or at such higher prices as may be determined in by SEBI (ICDR) Regulations 2018 on Preferential basis Subject to Shareholders & Stock Exchange approvals.
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