Inspirisys Solutions has informed that the board of directors of Inspirisys Solutions (Formerly Accel Frontline) (Company) at its meeting held on 23rd February, 2019 has considered and approved to increase the authorized share capital of the Company from Rs 33,00,00,000 divided into 3,30,00,000 equity shares of Rs 10 each to Rs 50,00,00,000 divided into 5,00,00,000 equity shares of Rs 10 each; and to issue 42,30,000 equity shares of Rs 10 each to CAC Holdings Corporation, Japan on preferential basis at an issue price computed in accordance with the provisions of Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
The above information is a part of company’s filings submitted to BSE.
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