At meeting held on 25 December 2014
Maxwell Industries announced that the Board of Directors of the Company at its meeting held on 25 December 2014, inter alia, has considered and recommended the issue of, upto 30,00,000 Warrants on preferential basis convertible into equity shares of equal number within 18 months from the date of allotment of warrants to the Promoter/Promoter Group at price determined on the 'Relevant Date' in accordance with Chapter VII of SEBI ICDR Regulation, 2009 subject to approval of members through postal ballot the stock exchange and any other approval as may be required.Powered by Capital Market - Live News
