Shriram Epc has informed that a meeting of the Board of Directors of the Company is scheduled to be held on January 03rd 2022 to discuss and consider following business subject to obtaining necessary statutory approvals from the Shareholders, stock exchanges and other regulatory authorities: Issue of equity shares of the Company to the extent of Rs 350 Crores to prospective investor on preferential basis pursuant to the resolution plan; Issue of Compulsory Convertible Debentures (CCD) to the extent of Rs 175 Crores in lieu of existing debt and convertible into equity shares at a later date as per resolution plan; Issue of Non-convertible Debentures (NCD) to the extent extent of Rs 175 Crores in lieu of existing debt with yield and redemption as per resolution plan. A detailed letter is enclosed.
The above information is a part of company’s filings submitted to BSE.
