At meeting held on 27 December 2017
The Board of Arshiya at its meeting held on 27 December 2017 has approved the following proposal, subject to approval of shareholders -Increase in authorised share capital and alteration of capital clause of the Memorandum of Association of the Company;
Issuance of the following securities on preferential basis in accordance with SEBI (ICDR) Regulations, 2009 as amended and other applicable provision -
- Upto 10,50,000 equity shares to Axis Bank against part conversion of crystallised liability amount to Rs 11.60 crore;
-Upto 11,70,000 Zero Percent Optionally Convertible Redeemble Preference Shares to SICOM in terms settlement with SICOM; and
- Upto 27,75,000 equity shares to Non -Promoter on preferential basis.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app