Jyoti has informed about outcome of board meeting held on 2nd May 2018. Consequent upon conversion of part of the outstanding debt amounting to Rs 32.80 Crores by RARE Asset Reconstruction, (Rare ARC - an Asset Reconstruction Company registered under Section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002), pursuant to Section 9 (1) (g) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 as amended from time to time, the Company has allotted 59,63,636 equity shares of Rs 10 each of the Company at a premium of Rs 45 per equity share to RARE Asset Reconstruction. The Meeting commenced at 2.00 P.M. and concluded at 3.00 P.M.
The above information is a part of company’s filings submitted to BSE.
