In compliance with the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SEPC has informed that the board of directors of the Company at their meeting held today, i.e., on Monday, 21st August, 2023 have discussed and approved the following: Considered & approved to Increase the Authorised Capital of the company from Rs 1400 crore to Rs 1450 Crore, subject to the approval of the Shareholders to be obtained at the ensuing Annual General Meeting; Considered & approved to change the Clause V - Authorised Capital of Memorandum of Association accordingly; Fund raising by way of an issuance of equity shares of face value of Rs 10 each of the Company to its eligible equity shareholders on a rights basis ('Rights issue') for a value not exceeding Rs 50 Crore, subject to receipt of necessary approvals from regulatory authorities, as applicable detailed letter enclosed.
The above information is a part of company’s filings submitted to BSE.
