Prakash Industries has informed that the Board of Directors of the Company have passed resolution by Circulation on 23rd March, 2018 for approval of re-calculation of Minimum applicable issue price as Rs 210.18 per convertible Equity warrant as per Regulation 76 read with regulation 73(1)(f) of ICDR Regulations, 2009 in place of earlier issue price of Rs 208.00 per warrant in terms of power conferred by Special Resolution passed by Shareholders in its Extra-ordinary General Meeting held on 17th March, 2018.
The above information is a part of company’s filings submitted to BSE.
