Shivam Autotech has informed that the Company has conducted the Meeting of Board of Directors of the Company today as scheduled and the following businesses were transacted: The Board approved the proposal for raising funds through the issuance of secured, redeemable, Non-Convertible Debentures (NCDs) aggregating up to ?105 Crore, by way of private placement, in one or more tranches, subject to the receipt of all necessary approvals, consents, sanctions, and permissions, and in compliance with the applicable laws, regulations, and shareholders’ approval. The Board meeting was commenced at 12:00 PM and was concluded at 12:40 PM.
The above information is a part of company’s filings submitted to BSE.
