MKVentures Capital has informed that the Board of Directors in their meeting held on Friday, January 27th, 2023 at. 10:15 am has considered and approved, the following Business Items: The Board approved the decision to withdraw the Draft Letter of Offer filed with regard to the proposed rights issue of Rs 2500 lakhs and to re- file the new draft letter of Offer with suitable modifications to BSE for seeking fresh in-principle approval and Approval of the issue of equity shares of Rs 10 each at a price to be decided on a Rights basis to the existing shareholders for an amount not exceeding Rs.5000 Lakhs and Delegating further authority & powers to the Rights Issue Committee, which was formed at the Board meeting held on December 20, 2022. The aforesaid information is also being uploaded on the Company’s website: https://mkventurescapital.com/ for information and compliance of all concerned. The Board Meeting commenced at 10.15 am and concluded at 10:30 am.
The above information is a part of company’s filings submitted to BSE.
