Timex Group India Ltd
Board Meeting Outcome for Outcome Of Board Meeting / Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015
03:19 PM, 14th Jul 2023
Pursuant to Regulation 30 of the SEBI (LODR) Regulations 2015 please be informed that the BOD has in its meeting held today i.e. July 14 2023 inter-alia considered and approved the following:i.Re-classification of the existing authorized share capital of the Company;ii.Issuance of upto 27315264 10.75% Cumulative Redeemable Non-Convertible Preference shares of Rs.10/-each at par aggregating to Rs.273152640/- on private placement basis for the purpose of redemption of existing Cumulative Redeemable Non-Convertible Preference shares alongwith accumulated/ unpaid dividend thereon (subject to deduction of withholding tax) in terms of Section 55(3) of the Companies Act 2013 subject to approval of equity shareholders NCLT and other authorities as may be required.The disclosure required to be given pursuant to SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13 2023 is enclosed as Anx-A.Time of Commencement:8:15 PMTime of conclusion:8:30 PM
