Deep Polymers has informed that the meeting of the Board of Directors of the Company is scheduled on 15/01/2022 to recommend & approve issue of Bonus Shares to the existing Equity Shareholders of the Company; To increase in the Authorised Share Capital of the Company and subsequent alteration to the Memorandum of Association of the Company; To raise funds up to an aggregate value, of not exceeding Rs 50 Crore, subject to receipt of necessary approvals from statutory, regulatory and other authorities, as applicable by way of Issue of Equity Shares of the Company to its eligible shareholders on a rights basis ('Right Issue') in accordance with the applicable provisions of Companies Act, 2013, Securities and Exchange Board of India (ICDR) Regulations 2018 and other applicable laws; To consider and fix the Record date for the proposed Issue of the Company; and to consider and approve any other business transactions
The above information is a part of company’s filings submitted to BSE.
