At meeting held on 28 August 2017
Gujarat Toolroom announced that the Board of Directors of the Company at its meeting held on 28 August 2017 has transacted the following -1.Considered and decided the issue of equity shares on a right basis (Right Issue) upto Rs.20 crore, to the existing shareholders of the company, subject to necessary approvals from statutory, regulatory and other authorities, as applicable, in accordance with the applicable provisions of the Companies Act, 2013, SEBI (ICDR) Regulations 2009. 2.Considered and decided to increase the Authorised Share capital of the company upto Rs. 12 crore, subject to necessary approvals.
3.Considered & formed a Committee of Directors (Right Issue Committee) comprising Vishal M. Shah, Managing Director, Bhavin S. Parikh & Kunjal Vora, directors of the Company.
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