At meeting held on 04 December 2015
Cosmo Films announced that the Board of Directors of the Company at its meeting held on 04 December 2015, inter alia, have approved the following subject to the Shareholders approval proposed to be obtained via Postal Ballot process-1. Raising of funds upto Rs. 100 crore (including premium) through Qualified Institutional Placement (QIP) of Equity Shares and/or any other eligible securities.
2. Introduction of Employee Stock Option Plan within an overall ceiling of 15 Lakhs Equity Shares. The Plan is to be implemented via Trust Route through Secondary Market Purchases as permitted under applicable regulations.
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