Summary of Key Information:
Reporting Period (Quarter/Year): Not Specified
Nature of Filing / Announcement: Outcome of Board Meeting under SEBI Listing Regulations
Audit Opinion:
Not Specified
Auditor’s Comment:
Not Specified
Key Financial Highlights:
Not Specified
Standalone Results:
Not Specified
Consolidated Results:
Not Specified
Segment-wise Performance:
Not Specified
Corporate Actions:
The Board of Directors has accorded in-principle approval for raising funds of up to ₹60 crore (Rupees Sixty Crore only) through issuance of unlisted, secured and redeemable Non-Convertible Debentures (NCDs) on a private placement basis to eligible investors.
Key NCD Terms:
- Type of security: Non-Convertible Debentures
- Issue type: Private placement to eligible investors
- Total amount: ₹60 Crores (Indian Rupees Sixty Crores Only)
- Listing: Not proposed to be listed
- Tenure: To be specified in key information document
- Coupon/interest: To be specified in key information document
- Payment schedule: To be specified in key information document
- Security: Secured (details to be specified in key information document)
- Redemption details: To be specified in key information document
Other Significant Information:
The Board has delegated requisite powers and authority in relation to the issuance and allotment of the NCDs to the Committee of Further Issue of Securities. This includes authority to finalize the terms and conditions of the proposed issue within the overall limit approved by the Board and subject to applicable statutory and regulatory requirements.