Held on 20 July 2017
Talwalkars Better Value Fitness announced that the Board of Directors in its meeting held on 20 July 2017 has discussed and decided on the following:Issuance of 13,00,000 Equity Shares on preferential basis to promoter group at a price not less than the price determined in accordance with the Regulation 76(1) of SEBI (ICDR) Regulations as on the Relevant Date, subject to approval of members by way of postal ballot;
To increase the borrowing limit of the Company upto Rs. 675 crore and to approve creation of charge on the assets of the Company in respect of the borrowings;
To approve the offer or invitation to subscribe to Non-Convertible Debentures on private placement basis upto Rs. 500 crore. The issuance of these NCDs will be within the overall borrowing limits of the Company as mentioned in point 2 above;
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