Held on 24 January 2018
The Board of Navkar Builders at its meeting held on 24 January 2018 has approved the following -Increase in authorized Share Capital of the Company from Rs.20,00,00,000/- divided into 2,00,00,000 shares of Rs.10/- to Rs. 22,00,00,000/- divided into 2,20,00,000 shares of Rs.10/- each, subject to approval from Shareholders of the Company in ensuing Extra Ordinary General Meeting.
Issuance of 454500 convertible warrants and 2405500 equity shares on preferential basis to Public and /or Promoter Group of the Company at a price which shall not be less than the minimum price arrived at in accordance with the provisions of Chapter VII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended from time to time, subject to approval from Shareholders of the Company in ensuing Extra Ordinary General Meeting.
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