Dc Infotech and Communication has informed that the Board of Directors of the Company in its meeting held on November 20, 2023 at its registered office at have discussed, considered and approved the following: The Board of Directors of the Company has decided to increase the Authorized Share Capital to Rs 17,00,00,000 (Rupees Seventeen Crores) divided into 1,70,00,000 (One Crores Seventy Lacs) Equity Shares of having face value of Rs 10; The Board of Directors of the Company has decided to Alteration in article 7 sub clause (i) of the Articles of Association of the Company; Issue, offer and allot up to 20,00,000 Equity Shares of Rs 10 each at issue price of Rs 54 each on preferential basis to the persons belonging to the non-promoter categories of persons and Rs 30,00,000 Warrants of Rs 54 each convertible into 30,00,000 Equity Shares of Rs 10 each and at issue price of Rs 54 each on preferential basis to the persons belonging to the Promoter and Promoter Group.
The above information is a part of company’s filings submitted to BSE.