Held on 30 May 2017
Lime Chemicals announced that the Board of Directors of the Company at its meeting held on 30 May 2017 approved the following -The Company was registered under the provisions of Sick Industrial Companies Act with Board of Industrial & Financial Reconstruction. The said Act was repealed with effect from 01 December 2016 and the Company has the option to apply to National Company Law Tribunal within 180 days from the repeal of SICA. The Board resolved not to apply to NCLT.
The Board approved the issue of 8 lakh equity shares and 24.25 lakh convertible warrants to promoters and non promoters in order to meet the working capital requirements and debt repayment.
Resolved to shift registered office to the corporate office situated at Neco Chambers, 4th floor, Rajiv Gandhi Road, Sector-11, Plot No. 48, C B D Belapur, Navi Mumbai.
Appointment of Firoj Ladhani as CFO with effect from 30 May 2017.
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