Pritika Auto Industries has informed that the Board of Directors, in their Meeting held on 08th December, 2018 has on the recommendation of the Audit Committee and subject to Approval of Shareholders and Stock Exchange where the Shares of the company are listed and other relevant Authorities have decided to increase in the limit of Investment by Foreign Institutional Investors (FIIs) and Non Resident Individuals (NRIs') in the Company's Equity Share capital; to Issue and Allot 1,75,000 Equity Shares of Rs 10 each at a price to be determined in accordance with the pricing formula prescribed under Chapter V-Preferential Issue of SEBI [ICDR] Regulations 2018 as amended and other applicable Rules, Regulations and Guidelines of SEBI and Companies Act, 2013 for cash to the Investors / Public ( Public Category); to Issue and Allot 5,75,000 Warrants Convertible into 5,75,000 Equity Shares of Rs 10 at a price to be determined in accordance with the pricing formula as prescribed under Chapter V-Preferential issue of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended and other applicable Rules, Regulations and Guidelines of SEBI and Companies Act, 2013 for cash to the Investors / Public (Public category); to enter into Related Party transactions; and to convene the Extra-Ordinary General Meeting of the company to be held on Wednesday, 09th January, 2019 and approved the Notice pertaining to the same. The Board Meeting concluded at 3:45 pm.
The above information is a part of company’s filings submitted to BSE.
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