Scanpoint Geomatics has informed that the Board of Directors of the Company at its meeting held on December 14, 2016, considered and accorded a fresh approval, subject to necessary approvals as may be required, to issue equity shares by way of right issue to the existing shareholders of the Company for an amount in aggregate up to Rs 30 Crore in accordance with the provisions of the Companies Act, 2013, Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended and other applicable laws, rules and regulations.
The above information is a part of company’s filings submitted to BSE.
