Captain Polyplast has informed that the Board of Directors of the Company at its meeting held today 28.04.2023 at corporate office of company, commenced at 1:15 pm and concluded at 1:35 pm, has considered and approved the following: Issue of 50,00,000 convertible warrants on preferential basis to be converted into equal number of equity shares within a period of 18 months from the date of allotment to promoters of the Company as detailed hereunder, subject to the approval of the Shareholders of the Company in upcoming EGM in terms of the provisions of the Companies Act, 2013, SEBI (Issue of Capital & Disclosure Requirements) Regulation, 2018 and further amendments and SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 as amended. The Board has fixed the Relevant Date, in terms of provisions of SEBI ICDR Regulations for determining the price for the preferential issue, Wednesday 26th April, 2023.
The above information is a part of company’s filings submitted to BSE.
