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Emerald Leasing Finance & Investment Company informs about outcome of board meeting

18 Oct 2022 Evaluate

Pursuant to the Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Emerald Leasing Finance & Investment Company has informed that the Board of Directors of the Company at its meeting held on 18.10.2022 has approved the following: Approved the issuance of up to 70 Secured Unlisted Unrated Redeemable Non-Convertible Debentures (SRNCDs) having face value of Rs 1,00,000 each aggregating to Rs 70,00,000 on private placement basis ('Issue') and to approve the appointment of an observer on the Board of Directors of the company as nominated by Rainpay India, subject to approval of the members for preferential issue of shares. The Board Meeting commenced at 11.00 am and concluded at 1.45 pm.

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

Emerald Finance Share Price

64.42 1.49 (2.37%)
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