Pursuant to Regulation 30 read with Para A of Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Royal India Corporation has informed that the Board of Directors of the Company at its meeting held on Monday, March 18, 2023, has considered and approved the following matters: 1) Increase of Authorized Share Capital of the Company from Rs 24,00,00,000 divided into 2,40,00,000 equity shares of Rs 10 each to Rs 1,24,00,00,000 divided into 12,40,00,000 equity shares of Rs 10 each subject to approval of shareholders, 2) Issue upto 5,49,90,00 Equity Shares, in one or more tranches, subject to the approval of shareholders and in accordance with Chapter V the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the ‘SEBI ICDR Regulations’), the Companies Act, 2013 and the rules made thereunder, as amended and other applicable laws. Refer to Annexure A for further details and 3) Issue up to 4,40,00,000 Warrants convertible into Equity Shares, in one or more tranches, subject to the approval of shareholders and in accordance with Chapter V the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the ‘SEBI ICDR Regulations’), the Companies Act, 2013 and the rules made thereunder, as amended and other applicable laws. Refer to Annexure B for further details. The Board Meeting started at 06.00 pm and concluded at 11.45 pm.
The above information is a part of company’s filings submitted to BSE.