In furtherance to its outcome dated December 21, 2021 in relation to the proposed Rights Issue of Equity Shares the Company for an amount not exceeding Rs 49 crores in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (‘SEBI ICDR Regulations’) and other applicable laws (‘Rights Issue’). NCL Research & Financial Services has informed that the Board of Directors of the Company in its meeting held today, March 16, 2022, has approved the Draft Letter of Offer. The same has been prepared solely for the purpose of Rights Issue in accordance with SEBI ICDR Regulations 2018.
The above information is a part of company’s filings submitted to BSE.
