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Board of Super Crop Safe approves preferential issue of shares and warrants

Capital Market 

At meeting held on 17 April 2018

Super Crop Safe announced that the a meeting Board of Directors of the Company was held at its registered office on 17 April, 2018 to consider various matters laid before the board and board has approved the following:

1. To issue 3,10,000/- Equity Shares of the Company on preferential basis to strategic investors (Non-Promoter) subject to approval of members at EGM.

2. To issue 5,90,000/- Warrant convertible into 5,90,000/- Equity Shares of the Company on preferential basis to promoter and 1,00,000 Warrants convertible into 1,00,000 Equity shares of the Company on preferential basis to strategic investors (Non-Promoter) subject to approval of members at EGM.

3. Approved the draft notice of EGM to be held on Wednesday, 23 May, 2018 at its registered office at C-1/290, GIDC Estate, Phase I, Naroda, Ahmedabad for issue of 3,10,000 Equity Shares on preferential basis and issue of 6,90,000 Convertible Warrants.

4. Authorized board to open a for preferential issue.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 17 2018. 14:34 IST
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