Aishwarya Technologies And Telecom has informed that a meeting of the Board of Directors of the Company was held on 16.02, 2023, wherein the resolutions was considered and approved: The Board proposed to increase the Authorized Share Capital of the Company to Rs 31,75,00,000; Pursuant to Section 186 of the Companies Act, 2013 and subject to approval of the members at the ensuing Extra Ordinary General Meeting of the Company the Board approved an investment limit not exceeding Rs 500,00,00,000 which the Company can make in Indian entities and/or overseas entities; With respect to the issuance of securities on a preferential basis, the Board of Directors of the Company (the Board), subject to the approval of the shareholders of the Company, has approved the issue and allotment of up to 3,90,00,000 convertible warrants (Warrants) at a price of Rs 8 per warrant with a right to the warrant holders to apply for and be allotted 1 (One) Equity Share of the face value of Rs 5 each and premium of Rs 3 for each Warrant within a period of 18 (Eighteen) months from the date of allotment of the Warrants, at a price arrived based on the valuation report of Registered Valuer and the issue price as decided by the Board of Directors and approved by the Committee of Independent Directors.
The above information is a part of company’s filings submitted to BSE.
