JK Lakshmi Cement has informed that the Board of Directors of the Company at its meeting held on December 17, 2016, has taken note of the Shareholders approval through Postal Ballot under Sections 42 and 71 of the Companies Act 2013 to issue NCDs of up to Rs 500 Crore in one or more tranches/series on private placement basis to eligible investors. The Directors also appointed IDBI Trusteeship Services, as Debenture Trustee and MCS Share Transfer Agent as Registrar (RTA) for the proposed issue of NCDs of up to Rs 300 Crore on private placement basis. Detailed terms & conditions of issue of said NCDs will be informed to the Stock Exchange.
The above information is a part of company’s filings submitted to BSE.
