Summary of Key Information:
Reporting Period (Quarter/Year): Not Applicable
Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI LODR Regulations
Audit Opinion:
Not Specified
Key Financial Highlights:
Not Specified
Corporate Actions:
The Board of Directors has approved raising funds through a rights issue of equity shares:
- Total amount to be raised: ₹5,500.00 lakhs (₹55 crore)
- Face value of shares: ₹5 each
- Type of issuance: Rights Issue to eligible equity shareholders
- Record date: To be notified subsequently
- Regulatory approvals required: Subject to receipt of regulatory/statutory approvals
- Governing regulations: SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018, SEBI LODR Regulations, Companies Act 2013 and rules thereunder
The Board has authorized the "Committee of Directors" to:
- Finalize and approve detailed terms and conditions of the issue
- Decide the number of equity shares to be issued
- Implement the proposal of Rights Issue
Other Significant Information:
The company's registered office: 2nd Floor, Knowledge House, Shyam Nagar, Off Jogeshwari-Vikhroli Link Road, Jogeshwari (East), Mumbai-400060
Company CIN: L52100MH2011PLC212866