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EMCO informs about outcome of board meeting

27 Jun 2017 Evaluate

Pursuant to Reg 30 of the SEBI(LODR), 2015, EMCO has informed that the Board of Directors of the Company at its meeting held today 26.06.2017, has approved the Increase in Authorized Share Capital from the Rs 20 Cr to Rs 75 Cr; alteration to the capital clause of the MOA; Raising of funds up to an amount not exceeding Rs 225 Cr by way of Rights Issue/ QIP and/or on preferential allotment basis, an issue any other Securities in one or more combination thereof;  issue of equity shares up to an amount not exceeding Rs 75 cr to lenders pursuant to conversion of existing loans; Issue of OCD or any other mode of securities up to an aggregate amount not exceeding Rs 300 crores to lenders pursuant to conversion of existing loans; Approval for availing loan with an option to convert into Equity Shares of the Company in furtherance of the proposed refinancing of the existing debt in terms of the S4A; and to convene an EOGM of on 01.08.2017, at 11:30 a.m.

The above information is a part of company’s filings submitted to BSE.

EMCO Share Price

1.74 0.00 (0.00%)
26-Oct-2021 18:01 View Price Chart
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