Hikal has informed that the Board of Directors of the Company at its meeting held on May 05, 2015, inter alia, has discussed & approved subject to necessary approvals, raising of funds upto an amount of Rs 125 crores, by issuing equity shares through qualified institutions placement and / or issue of warrants / equity shares / such other permissible securities on such terms and conditions as may be decided by the Board of Directors and / or Committee of the Board, in accordance with the provisions of Chapter VIII of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and other applicable laws, subject to approval of the members of the Company.
The above information is a part of company’s filings submitted to BSE.
