ALSO READTuticorin Alkali Chem. & Fertilizers schedules board meeting Tuticorin Alkali Chemicals & Fertilizers reports standalone net loss of Rs 9.13 crore in the June 2017 quarter Alkali Metals standalone net profit rises 13.04% in the June 2017 quarter Alkali Metals standalone net profit rises 183.33% in the September 2017 quarter Alkali Metals to hold AGM
Held on 05 December 2017The Board of Tuticorin Alkali Chemicals & Fertilizers at its meeting held on 05 December 2017 has approved the following -
1. To obtain 'in-principle' approval from the BSE in compliance of Regulation 28 of SEBI (LODR) Regulations, 2015 for issue of 1,22,60,000 Equity Shares of Rs.10/- each to Promoters and their Associates by conversion of the Unsecured Loans received from them.
2. To issue 74,74,000 Redeemable Cumulative Preference Shares of Rs.100/- each on Private Placement Basis.
3. To constitute a Committee consisting of two Independent Directors, viz., B Narendran and RM Krishnan and the Managing Director, G Ramachandran to implement the above proposal including calling of Extraordinary General Meeting of the Shareholders and all other such things that are required for the purpose of issue of shares. 4. The proposals of issue of capital are subject to such approvals that are required under various statues.
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