Artemis Electricals has informed that in the Board Meeting held on June 25, 2019, considered and approved the preferential Issue and allotment of upto 3,10,000 Equity Shares of Rs 10 each at a premium of Rs 155 per share (issue Price Rs 165) or such other price as determined as per SEBI Regulations, on preferential basis to Deepa Travel Private Limited (proposed allottee) being Promoter group for consideration in cash, subject to approval of shareholders and/or any other regulatory authorities; acquisition/ investment of 100% equity shares of Artemis Opto Electronic Technologies out of the proceeds received from Preferential Issue and the difference if any, shall be met out of internal accruals or borrowings or from any other sources; appointment of Scrutinizer; migration of Equity Shares from SME Platform of BSE to its Main Board Platform; and Draft Postal Ballot Notice to be sent to shareholders of the Company.
The above information is a part of company’s filings submitted to BSE.
