Welspun Speciality Solutions informs about proceedings of EOGM

31 Aug 2019

Welspun Speciality Solutions has informed that proceedings of the Extra Ordinary General Meeting (EOGM) of the Company held on Friday, August 30, 2019 at 9.30 am at the Registered Office of the Company at Plot No.1, GIDC Industrial estate, Valia Road, Jhagadia, Dist. Bharuch, Gujarat - 393110, and concluded at 3.00 pm:. Members by a special resolution have approved reclassification of Authorised Share Capital of the Company and subsequent amendment to Memorandum of Association; Members by a special resolution have approved the proposal for issue and allotment of upto 724,61,326 equity shares of Rs 6 each fully paid up and upto 402,66,666 warrants carrying option to subscribe (in the ratio of one equity share for one warrant) to 402,66,666 equity shares of Rs.6/- each fully paid up of the Company at a price of Rs15 per equity Share, on preferential basis.

The above information is a part of company’s filings submitted to BSE.

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