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SBEC Sugar informs about outcome of board meeting

22 Apr 2023 Evaluate
Pursuant to regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, SBEC Sugar has informed that the Board of Directors (the Board) of the Company at its meeting held today i.e., April 22, 2023 has approved to acquire the 1,08,85,648 Unsecured Compulsory Convertible Debentures (CCD) of the face value of Rs 10 each of SBEC Stockholding and Investment from the SBEC Bioenergy at a total consideration of Rs 34,59,84,974 only. The details as required under Regulation 30 of the SEBI (LODR) Regulations, 2015 read with SEBI circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 are enclosed herewith as ‘Annexure - I'. The meeting commenced at 41. 00 am and concluded at 11.30 am. The aforesaid information is also being placed on the website of the Company at www.sbecsugar.com

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

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