Torrent Pharmaceuticals outcome of board meeting

Held on 25 January 2018

The Board of Torrent Pharmaceuticals at the meeting held on 25th January 2018 has approved the increase in Authorised share capital of the Company from Rs 125 crores to Rs 150 crores and amendment in capital clause of the Memorandum of Association, enhancement of borrowing limits from Rs 10,000 crores to Rs 15,000 crores, issuance of Unsecured / Secured Redeemable Non-Convertible Debentures / Bonds by way of Private Placement for an amount not exceeding Rs 12,500 crores, issue of Equity Shares including Convertible Bonds / Debentures through Qualified Institutional Placement (QIP) and / or Depository Receipts or any other modes for an amount not exceeding Rs 5000 crores, and creation of charge on Company's properties / assets.

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