At meeting held on 30 December 2016
Zicom Electronic Security Systems announced that the Board of Directors of the company at its meeting held on 30 December 2016 approved the following, subject to approval of shareholders -Increase in authorised capital from Rs 25 crore to Rs 50 crore.
To alter MoA and AoA with respect to the preceding item.
To enable bankers to convert part of the debt into equity shares of the company, pursuant to in-principle invocation of Strategic Debt Restructuring scheme by Joint Lenders Forum.
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