Agenda for board meeting of Empee Distilleries

For 26 December 2016

Empee Distilleries announced that a meeting of the Board of Directors of the Company is scheduled to be held on 26 December 2016 to consider the following:

1. To consider and approve sale of 19512997 equity shares of Rs. 10/- each held by the Company in Empee Hotels (Unlisted entity);

2. To amend/ratify/ modify certain clauses in the EGM Notice/Explanatory Statement dated 27 October 2016 (duly passed by Shareholders) to allot 9,39,727 Equity Share Warrants to EW India Special Assets Fund and 2,27,133 Equity Share Warrants to Edelcap Securities @ Rs. 64.54 per warrant (price as determined on relevant date i.e. 28/10/2016); on preferential basis.

 

3. To pass Resolution to conduct a Postal Ballot for seeking shareholder's approval for the above items a & b and to appoint Scrutinizer for the Postal Ballot.

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