At meeting held on 27 December 2017
The Board of Arshiya at its meeting held on 27 December 2017 has approved the following proposal, subject to approval of shareholders -Increase in authorised share capital and alteration of capital clause of the Memorandum of Association of the Company;
Issuance of the following securities on preferential basis in accordance with SEBI (ICDR) Regulations, 2009 as amended and other applicable provision -
- Upto 10,50,000 equity shares to Axis Bank against part conversion of crystallised liability amount to Rs 11.60 crore;
-Upto 11,70,000 Zero Percent Optionally Convertible Redeemble Preference Shares to SICOM in terms settlement with SICOM; and
- Upto 27,75,000 equity shares to Non -Promoter on preferential basis.
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