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Sakthi Finance informs about outcome of board meeting

07 Aug 2023 Evaluate
Sakthi Finance has informed that the Board of Directors of the Company have, at their meeting held today (Monday, 7th August 2023), approved the Unaudited Financial Results Unaudited Financial Results for the quarter ended 30th June 2023 in the prescribed format under Regulation 33(4) of the SEBI Listing Regulations 2015. The Sixty Sixth Annual General Meeting (AGM) of the Members of the Company will be held on Thursday, 21st September 2023 at 4.00 pm through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The Board of Directors have fixed Thursday, 14th September 2023 as the Record Date for the purpose of payment of dividend and also as cut-off date for the purpose of e-Voting. Amendment of Articles of Association of the Company by replacing the existing Articles entirely with new Articles in alignment with the provisions of the Companies Act 2013, subject to the approval of member. Brief Details of which has been enclosed as Annexure - F 5. Issue of Redeemable, Cumulative Preference Shares on private placement basis for an amount not exceeding 15 Crores The Board of Directors have approved issue of Redeemable, Cumulative Preference Shares of 100 each, in one or more tranches, on private placement basis for an amount not exceeding 15 crores. This proposal is subject to the approval of members at the ensuing AGM; Issue of Secured and Unsecured Redeemable Non-Convertible Debentures (NCDs) and Other Debt Securities on private placement basis for an amount not exceeding 750 crore. The Board of Directors have approved issue of Secured and Unsecured, Redeemable, Non-Convertible Debentures and Other Debt Securities, in one or more tranches on private placement basis during the period of one year commencing from the date of 66th Annual General Meeting (AGM) for an amount not exceeding 750 crores. This proposal is subject to the approval of members at the ensuing AGM. The said borrowings are within the overall borrowing limits approved by members under section 160(1)(c) or the Companies Act 2013.

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

Sakthi Finance Share Price

26.87 0.54 (2.05%)
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