In compliance of Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we wish to inform you that the Circular resolution was circulated on 11.12.2019 at 12.31 p.m. through email to the Board of Directors for change in nomenclature of Preference shares from 10% Non-Cumulative redeemable Preference Shares to 10% Cumulative redeemable Preference Shares.
According to section 175 of Companies Act 2013 resolution to be considered passed if approved by majority of Directors. It is to inform you that we have received the majority consent of the directors on 12.12.2019 at 11.44 a.m.
A copy of the resolution attached herewith for your kind perusal.
Kindly take the same on record.
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