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S&P
BSE SENSEX
73,088.33
+599.34
+0.83 %
Corporate Announcement
Security Code
538928
Company
Karnavati Finance Ltd
Exchange Received Time
23/03/2017 19:42:44
Exchange Disseminated Time
23/03/2017 19:42:50
Time Taken
00:00:06
Outcome of Board Meeting |
3/23/2017 7:42:44 PM
Stakeholders are hereby informed that the Meeting of Board of Directors was held today in which the Board of Directors has considered, approved and proposed to; 1). Increase in Authorized Share Capital and consequent alteration in Clause V of the Memorandum of Association of the Company. 2). Issue of Equity Shares of the Company on preferential basis as per SEBI (ICDR) Regulations, 2009 as amended from time to time to Promoter & Promoters' Group and other identified entities. The details of Preferential Issue in terms of Regulation 30 of SEBI (LODR) are attached herewith as an Annexure 1. 3). Migration of listing of Equity Shares of the Company from the SME Platform of BSE Limited to Main Board of the BSE Limited. In this regards, the approval of the Shareholders of the Company will be proposed through Postal Ballot. The detailed calendar of events of Postal Ballot is attached herewith as an Annexure 2.
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