At meeting held on 29 January 2018
The Board of Sibar Auto Parts has approved the issue of equity shares and warrants to the promoter and promoter group and to non-promoter investor up to a maximum Rs 14 crore by way of preferential allotment on private placement basis.The Board approved the allotment of equity shares and warrants to promoter/ promoter group against outstanding unsecured loans from the promoter / promoter group up to Rs 2.43 crore.
The Board also approved increase in authorised share capital of the company to enable the proposed preferential issue of shares.
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