Held on 17 September 2015
A2Z Infra Engineering announced that the Board of Directors of the Company at its meeting held on 17 September 2015 have approved the allotment 246,95,780 warrants convertible into equal number of equity shares of Rs 10 each at an issue price of Rs 21.66 each on preferential basis under SEBI ICDR Regulations, 2009. The Board also approved the allotment of 81,00,000 equity shares on preferential basis to ICICI Bank as per SEBI ICDR Regulations 2009, on conversion of funded interest term loan (FITL) as approved by the CDR package of the Company.The Board approved the appointment of Lalit Gulati as CFO of the Company with effect from 23 September 2015 in place of Gaurav Jain, who has resigned from the Company.
Further, Gaurav Jain has been appointed as Non-Executive Non Independent Director on the Board effective 23 September 2015.
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