At meeting held on 22 February 2018
The Board of Arshiya approved the allotment of 11.70 lakh Zero percent Optionally Convertible Redeemable Preference Shares - Series V of face value of Rs 10 each at a price of Rs 1000 each to SICOM in accordance with the restructuring terms and conditions on conversion of loan amounting to Rs 117 crore. The Board also approved allotment of 53.75 lakh equity shares to Axis Bank, Capital First and SICOM on preferential basis. This included 15.50 lakh equity shares of Rs 2 each allotted to SICOM on conversion of the entire 11.70 lakh Zero percent Optionally Convertible Redeemable Preference Shares - Series V.Post the allotment of shares, the paid up equity share capital of the company has increased to Rs 45.64 crore comprising of 22,82,16,776 equity shares of Rs 2 each.
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