On 10 November 2016
KM Sugar Mills announced that a meeting of the Board of Directors of the Company is scheduled to be held on 10 November 2016, inter alia, to consider the following:1. Raising of funds of Rs. 50 crore (approx) by way of issue of shares on Preferential Basis in term of the provisions of Chapter VII of SEBI (ICDR);
2. Raising of funds of Rs. 50 crore (approx) by way of issue of shares through Qualified Institutional Placement (QIP) in term of the provisions of Chapter VIII of SEBI (ICDR);
3. Issue of Non-convertible Redeemable Debentures for Rs. 4 crore pursuant to exit from CDR and subject to sanction by CDREG and Lender Banks;
4. Convening of Extra ordinary general meeting/passing of shareholders resolution through postal ballot and other incidental issues.
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