Held on 27 March 2014
Arshiya International has announced that the Board of Directors of the Company at its meeting held on 27 March 2014, inter alia, took cognizance of the restructuring package and accepted the contents of the letter dated 21 March 2014 issued by CDR cell including condition of Rs 221.61 crores required to be brought in by the Promoters of the Company as promoters contribution under CDR Scheme.Out of above, Rs 37.44 crores to be towards contribution of conversion of warrants by Promoters at Rs 145 per share, and balance amount of Rs 184.17 crores towards contribution of shares as per SEBI guidelines in compliance with extant regulatory guidelines.
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