In continuation of Exchange Notice No.20241031-50 dated October 31, 2024, intimating therein the Record Date fixed on 08.11.2024 by KCL Infra Projects (Scrip Code 531784) for Re-issue of Forfeited Shares, KCL Infra Projects has informed that KCL Infra Projects (Scrip Code 531784) has not been able to obtain In-Principle approval of the Exchange for the aforesaid Re-Issue of Forfeited Shares. Further, the Company has announced a Board Meeting on 08.11.2024, seeking approval of its Board to cancel the Shareholders' Resolution passed on September 9, 2024, approving the re-issue of 9,43,98,137 forfeited equity shares arising out of forfeiture of rights equity shares for non-payment of first and final rights Call money. Due to certain technicalities and difficulty in receiving Approval from the Stock Exchange, the Company is unable to proceed with the reissue of forfeited shares. Therefore, wants to cancel the aforementioned resolution. In view of the above, the Record Date of 08.11.2024 fixed by the Company and informed vide Notice No.20241031-50 is to be treated as cancelled and the Re-issue of Forfeited shares shall not take effect as mentioned in the said Notice.
The above information is a part of company’s filings submitted to BSE.
