Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, GRP has informed that the Board of Directors of the Company at its meeting held on Saturday, 27th January, 2024 at 2:00 pm (IST) has approved the Draft Letter of Offer (‘DLOF’) for raising of funds through issuance of fully paid-up equity shares of Rs 10 each (‘Equity Shares’) to the eligible equity shareholders of the Company on a Rights basis (as approved by the Board at its meeting held on 31st October, 2023) for Rs 4,000.00 Lakhs, as on record date and on such terms and at such price as may be decided by the Board at a later date, subject to receipt of in-principle approval of BSE and National Stock Exchange of India (NSE), in accordance with the applicable laws including the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Companies Act, 2013 and rules made there under, as amended from time to time (‘Rights Issue’). The Meeting of Board of Directors concluded at 3.00 pm.
The above information is a part of company’s filings submitted to BSE.
