Pursuant to the provisions of Regulation 30 of the SEBI (LODR) Regulation, 2015, MosChip Technologies has informed that the Board of Directors of the Company at its meeting held on 25th November 2023 has transacted the following business: Approved the issue of 52,70,100 equity shares on preferential basis, subject to approval of members of the Company to Citrus Global Arbitrage Fund. Disclosures of information required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, is enclosed as Annexure - A. The Board of Directors decided to conduct shareholders meeting (‘EGM’) on Sunday, 17th December, 2023 at 10.00 am for seeking shareholders’ approval for preferential issue of equity shares and other items as specified above. The notice of EGM is being sent separately. The aforesaid meeting commenced at 8.00 am and concluded at 08.50 am.
The above information is a part of company’s filings submitted to BSE.
