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Unimode Overseas informs about outcome of board meeting

05 Oct 2023 Evaluate
Unimode Overseas has informed that the Board of Directors in their meeting held today i.e., Tuesday, October 03, 2023, which commenced at 2:00 PM and concluded at 2:45 PM, has considered and approved the following: Fund raising of an amount not exceeding Rs 6,00,00,000 (Rupees Six Crore only), through a Rights issue to the eligible equity shareholders of the Company as on Record date (to be notified subsequently within due course), in accordance with applicable laws, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, SEBI Listing Regulations, along with relevant circulars issued by the Securities and Exchange Board of India, Companies Act, 2013 (Rights Issue); Further the Board Constituted the Rights Issue Committee to proceed with the Rights issue and decide the other terms and conditions of the Rights Issue, including deciding on the record date, determining the rights issue price, rights entitlement ratio, appointment of intermediaries and other related matters.

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

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