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Jyoti Structures informs about outcome of monitoring agent meet

10 Nov 2021 Evaluate

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Jyoti Structures has informed that the Erstwhile Resolution Professional/ Monitoring Agent of the Company, at their meeting held on November 9, 2021 through Video Conferencing (MS Team) has considered and approved the following Agenda Item related to implementation of the Approved Resolution Plan: Allotment of following Fourth Tranche Securities: 10,00,00,000 Equity Shares to the Secured Creditors, 7,00,00,000 Compulsory Convertible Preference Shares (CCPS’S) to Assenting Secured Creditors and 1,48,332 Non-Convertible Debentures (NCD’s) to Assenting Secured Creditors and approval and Circulation of PAS-4 pursuant to the approved Resolution Plan and subject to necessary permissions, sanctions, and approvals of applicable provisions of laws. The Meeting of the Board commenced at 02.00 pm hr IST and concluded at 02.15 pm hr IST.

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

Jyoti Structures Share Price

13.16 0.03 (0.23%)
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