On 24 November 2016
Karuturi Global announced that a meeting of the Board of Directors of the Company will be held on 24 November 2016, inter alia, to consider and take on record the following:1. To allot 36,50,00,000 Equity Shares to Non Promoters upon conversion of 36,50,00,000 Warrants through Resolution passed in the Annual General Meeting on 20 March 2015 pursuant to the provisions of Section 62 and other applicable provisions of The Companies Act, 2013 for which In Principle approval has been received from BSE and National Stock Exchange of India.
2. To allot 12,33,33,333 Equity Shares to Rhea Holdings (Promoter & Promoter Group) upon conversion of 370 Fully Convertible Debentures through Resolution passed in the Annual General Meeting on 20 March 2015 pursuant to the provisions of' Section 62 and other applicable provisions of The Companies Act, 2013 for which in Principle approval has been received from BSE and National Stock Exchange of India.
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