Pursuant to Regulation 29 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the next Meeting of the Board of Directors of the Company will be held on 16th August 2017, inter alia to consider and approve:
1. Issue of Equity Shares and/ or Optionally Convertible Debentures on Preferential Basis to the Lenders of the Company comprising of Banks and Financial Institutions, against the conversion of part of their outstanding Debts pursuant to the implementation of the Scheme for Sustainable Structuring of Stressed Assets (S4A) that is SPML S4A Scheme,
2. Convening an Extraordinary General Meeting of the Company to approve the issuance of above said Securities of the Company
3. Fixing the cutoff date
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