Held on 31 August 2015
Moschip Semiconductor Technology announced that the Board of Directors of the Company at its meeting held on 31 August 2015, inter alia, has approved the following for placing before the members for their approval :1. Appointment of K Ramachandra Reddy as a Chairman & CEO and C Dayakar Reddy as a Managing Director of the Company and fixation of their remuneration.
2. Preferential Issue of 49,78,813 Equity Shares of Rs. 2/- each.
3. Preferential Issue of 3,00,000 Equity Warrants of Rs. 2/- each.
4. Preferential issue of 2,11,86,441 Compulsory Convertible Debentures of Rs. 2/- each
The issue price of all the above securities will be in accordance with the SEBI (ICDR) Regulations, 2009 and to be specified persons mentioned in the Notice of AGM.
5. Board approved the resignation of Damoder Bethamalla Company Secretary.
6. Appointment of Suresh Bachalakura as a Company Secretary and Compliance Officer w.e.f. 01 September 2015.
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