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Issue Of Warrants Interalia considered and approved the following businesses: 1. To augment the financial resources of the Company through raising of funds, by way of creating, issuing and allotting up to 1,13,63,637 (One Crore Thirteen Lakh Sixty Three Thousand Six Hundred Thirty Seven Only) Fully Convertible Warrants Convertible into equivalent number of fully paid-up equity share of the Company having face value of Rs. 10/- (Rupee Ten Only), in one or more tranches, to the persons belonging to Non- Promoter, Public Category", as detailed in Annexure-I, on preferential basis, at an issue price of Rs. 22/- (Rupees Twenty Two Only) per warrant, which is higher than the floor price determined in accordance with the provision of Chapter V of SEBI ICDR Regulations, payable in cash for aggregating amount of up to Rs. 25,00,00,014 (Rupees Twenty Five Crore and Fourteen Only) in accordance with the provisions of Section 42 and Section 62 (1)(c) of the Companies Act, 2013, as amended ( Act ) read with Companies (Prospectus and Allotment of Securities) Rules, 2014, and Companies (Share Capital and Debentures) Rules, 2014 as amended ("Rules"), Chapter V of SEBI ICDR Regulations, in such manner and on such terms and conditions as determined by the Board in its absolute discretion in accordance with the SEBI ICDR Regulations and other applicable laws subject to approval of shareholders and other regulatory authorities, as may be applicable. Upon allotment of warrants in accordance herewith, an amount equivalent to 25% (Twenty-Five Percent) of the total issue size shall be called upfront from the proposed allottees. 2. To seek members approval through the process of postal ballot for the above-said today s board decision and accordingly, approved the draft Notice of Postal Ballot along with the calendar of events, and authorized Director/ KMP to issue the same to the concerned.
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