Onelife Capital Advisors has informed that the Board of Directors at its Meeting held on Wednesday, 6th March, 2024 considered and after due deliberation approved the following: Discussed and approved proposal of Open Offer for acquisition of shares of up to 26% of the voting capital of ‘Continental Controls Limited’ at an offer price of Rs 4; To give authority singly or jointly to Pandoo Naig or TKP Naig or Manoj Malpani, Directors of the Company; To appoint Merchant Banker and Registrar; To enter into Share purchase agreement with Promoters of ‘Continental Controls Limited’. Details are enclosed; To open and operate Escrow Account; To enter into escrow agreements; To give undertakings on behalf of the Company; To provide necessary information and documents to manage or other intermediaries; To sign the Open offer documents including Public Announcement, Draft Public Statement and Letter of Offer along with amendments or corrigenda and other ancillary documents; and to conduct the open offer process in accordance to takeover codes.
The above information is a part of company’s filings submitted to BSE.
