Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Mafia Trends has informed that a meeting of the Board of Directors of the Company was held today, Thursday, May 02, 2024 which was commenced at 01:00 pm and concluded at 1:45 pm. In that meeting the Board has decided the following matters: 1. Increase in Authorised Capital from Existing Rs 4,45,00,000 to Rs. 11,00,00,000 and corresponding amendments to the Clause V of the Memorandum of Association of the Company subject to approval of Shareholders. The detailed disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular is enclosed as ‘Annexures A’; 2. Evaluated various options available to the Company to raise funds and thereafter the Board has decided to further explore the options with prospective investors and also to re-evaluate the available options. 3. Approved draft notice of Extra Ordinary General Meeting (‘EGM’) of the Company to be held on Friday, June 07, 2024, to seek necessary approval of the members of the Company for the aforesaid Increase in Authorised Share Capital.
