Intellivate Capital Ventures has informed that the Board of directors of the Company, at its Meeting held on Thursday, 07th September, 2023 has considered, noted and approved the following matters: Variation/alteration of preference shareholders rights by issue and allotment of 26,65,242 10% Compulsorily Convertible Preference Shares (CCPS) of Rs 1 each in lieu of existing 2,47,42,396, 10% Redeemable Non-Convertible Non-Cumulative Preference Shares (RNCPS) of Rs 1 each. In aggregate, 26,65,242 CCPS of Rs 1 each will be issued and allotted to RNCPS holder; and subsequently the said CCPS will be converted by issue and allotment of 26,65,242 Equity Shares of face value of Rs 1 each at a price of Rs 80 per Equity Share, (including premium of Rs 79 per share) a price derived as per Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended; Approval for the change of Registered Office of the Company from state of Maharashtra to state of Gurugram, (Haryana), subject to approval of shareholders.
The above information is a part of company’s filings submitted to BSE.