Held on 22 November 2014
Ultracab (India) announced that the Board of Directors of the Company at its meeting held on 22 November 2014, has taken the following decisions:1. Propose the issue of securities on preferential basis.
2. Consider 22 November 2014 as relevant date for the price of the preferential Issue.
3. Offer Price of Preferential Allotment decide as Rs. 40 per/share (Rs. 10 Face Value & Rs. 30 Premium) as per Clause 76 (2) of ICDR Regulation, 2009.
4. To Issue Letter of Offer.
5. Board Authorised to Nitesh Vaghasiya - Managing Director and Pankaj Shingala - Director of the company be to carry out all formalities and acts required to be done for Preferential Issue.
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