In furtherance to intimation dated 14th December, 2022 and in pursuance to Special Resolution passed by the members at Extra-ordinary General Meeting of the Company held dated 6th January, 2023, Kamat Hotels (India) has informed that the committee at its meeting held today i.e., 25th January, 2023 has approved the allotment of 29,750 Debentures aggregating to Rs Two hundred Ninety Seven Crores and Fifty Lakhs having face value of Rs I 00,000 each to the select group of persons in the proportion mentioned in the letter. The Debenture allotted by the Company to the investors shall be listed on the Stock Exchanges subject to necessary approvals & permissions. The meeting of the Board of Directors of the Company commenced at 10.00 AM and was concluded at 10.55 AM.
The above information is a part of company’s filings submitted to BSE.
