ALSO READRepro India slides on profit taking Repro India considers raising funds upto Rs 100 crore Repro India reports consolidated net profit of Rs 2.42 crore in the June 2017 quarter Repro India reports consolidated net profit of Rs 4.06 crore in the March 2017 quarter Repro India reports standalone net profit of Rs 5.19 crore in the March 2017 quarter
At meeting held on 07 October 2017Repro India announced that the Board of Directors at its meeting held on 7 October 2017 has inter alia considered and approved the following:
1.Raising funds by way of preferential issue of equity shares & warrants to the Investors other than promoters/promoters group upto an amount of Rs. 80 crore, subject to approval of regulatory authorities and approval of shareholders, as may be required,&
2.To convene an EGM of the Company on 02 November 2017 for obtaining the Shareholders approval & passing the necessary Special Resolutions in this regard under the provision of the Companies Act, 2013.
The above proposals to issue of shares/securities a warrants by way of preferential allotment shall be subject to necessary confirmation, consents, etc. of regulatory authorities as may be necessary, approval from shareholders of the Company and in compliance with applicable law including the provisions of the SEBI (ICDR) Regulations, 2009 and the Companies Act, 2013.
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