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Board of Maximaa Systems approves preferential allotment of shares and warrants

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Capital Market
Last Updated : May 21 2018 | 10:31 AM IST

At meeting held on 19 May 2018

The Board of Maximaa Systems at its meeting held on 19 May 2018 has transacted the following business -

1.Considered and approved the allotment of 15,00,000 Equity Shares (face value of Rs. 2/- each) to Promoter and allotment of 6,65,000 Equity Shares (face value of Rs. 2 /-each) to Non-Promoter Investors on preferential basis in accordance with the SEBI (ICDR) Regulations, 2009.

2.Considered and approved the allotment of 1,65,000 convertible equity warrants to Non-Promoter Investors on preferential basis pursuant to conversion of warrants into equity shares of face value of Rs. 2 /- each in accordance with the SEBI (ICDR) Regulations, 2009.

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First Published: May 21 2018 | 10:06 AM IST

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