Oswal Overseas has informed that the Board of Directors of the company at its meeting held today 07.01.2021, have considered and approved the following matters: Cancellation of the unissued equity share capital of Rs. 15 crores out of authorized share capital which has not been taken or agreed to be taken up by any person and increase the preference shares of Rs. 15 crores in place of cancelled equity; Alteration of Capital Clause of Memorandum of Association of the Company; Issue of Non-convertible Redeemable Preference Shares of Rs. 15 Crore on Private Placement basis; Notice of Postal Ballot; Appointed Shilpi & Co., Company Secretaries, as the Scrutinizer, to scrutinize the entire voting process including remote e-Voting in a fair and transparent manner for the Postal Ballot. Meeting commences at 02:00 PM and concluded at 03:10 PM.
The above information is a part of company’s filings submitted to BSE.
