Outcome of board meeting of Richa Industries

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Capital Market
Last Updated : May 19 2015 | 9:47 PM IST

Held on 19 May 2015

Richa Industries announced that the Board of Directors of the Company at its meeting held on 19 May 2015, inter alia, has approved the following:

1. Further issue of 11,15,000 equity shares to promoters group by way of Preferential Allotment under section 82 of the Companies Act, 2013;

2. Passing of Special Resolution for issue of equity shares through postal ballot;

3. Notice of Postal Ballot under Section 110 of the Companies Act, 2013 to be sent to the Shareholders;

4. Deepak Deewan Singh, (ACS) has been appointed as scrutinizer for the conduct of postal ballot process in fair and transparent manner;

5. Appointment of Gaurav Yadav (Company Secretary) as Compliance Officer for the proposed preferential issue.

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First Published: May 19 2015 | 8:11 PM IST

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