Graphite India has informed that the board of directors of the Company have approved the acquisition of compulsory convertible preference shares (CCPS) of Godi India at a consideration value of INR 50 crores, which amounts to the Company holding 31st of the equity/equity equivalent on a fully diluted basis in GIPL. It enclosed details of disclosure as required under Clause 1, Para A, Part A of Schedule Ill of the LODR read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13 July 2023 is attached as Annexure A. The Board meeting concluded at 12:12 PM.
The above information is a part of company’s filings submitted to BSE.
