Khoobsurat has informed that Members of the Company have approved the Agenda in the Board Meeting held on January 18, 2023-To discuss and if thought fit, to raise further Capital not exceeding Rs 50 crores, subject to receipt of necessary approvals, as applicable, by way of Issue of Equity Shares of the Company to its eligible shareholders on Rights Basis (Rights Issue), in accordance with the applicable provisions of the Companies Act 2013, SEBI ICDR Regulations, 2018 and other applicable laws; Increase in Authorised Share Capital of the Company and consequential amendment in Memorandum of Association of the Company; Adoption of new set of ‘Articles of Association’ of the Company, in line with Companies Act, 2013;To seek approval of Members by way of Postal Ballot Rules for above Agenda.
The above information is a part of company’s filings submitted to BSE.