At the recently concluded meeting
Marsons announced that the Board of Directors of the Company at their meeting transacted the following-The Board has discussed in depth and decided to restructure the business to cope up with increasing business opportunities and as one of the measure it was decided to offer equity shares at the rate of Rs. 20/- to unsecured creditors against their respective dues, subject to their consent.
On successful completion of this, the Company would be in much better financial position and would be able to raise more debt/ funds for the purpose of growing the business in this current environment.
2. The Board has discussed in depth to raise fresh funds upto Rs. 50 crore for the expansion and growth of the Business by issuing Equity / Warrants / or any other instruments equivalent to Equity.
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