Business Standard

Monday, December 23, 2024 | 07:49 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Outcome of board meeting of Tirupati Industries (India)

Image

Capital Market

Held on 15 January 2018

The Board of Tirupati Industries (India) at its meeting held on 15 January 2018 has approved the following -

1) To convene Extra Ordinary General Meeting of the members of the Company on 21 February, 2018 at 11.30 am at the Registered Office of the Company to transact the below mentioned business.

2) To increase the authorized share capital of the Company from Rs. 12 crore to Rs. 13.5 crore.

3) To issue 9,50,000 (Nine Lakh Fifty Thousand) Convertible Warrants of face value of Rs. 10/- each convertible into equity shares not later than 18 months to potential investors at a price to be determined as per SEBI (ICDR Regulation).

 

4) To issue 5,50,000 (Five Lakh Fifty Thousand) equity shares of face value of Rs. 10/- each to certain creditors of the Company at a price to be determined as per SEBI (ICDR Regulation).

5) Relevant date for the above is 22 January, 2018.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 15 2018 | 7:49 PM IST

Explore News