Held on 24 September 2014
Pricol announced that the Board of Directors of the Company at its meeting held on 24 September 2014, has considered and approved, subject to necessary approval from the shareholders and all the requisite approvals as may be required, the following:1. by way of special resolution: Further Issue of equity shares or other securities under sections 23, 42 and 62(1)(c) of the Companies Act, 2013, through public and / or private offerings to any eligible Investor, including but not limited to Qualified Institutional Buyers or such other form as may be permissible, under applicable law, [for an amount not exceeding Rs. 125 crore].
2. by way of ordinary resolution: Increase in the authorised share capital of the Company from Rs. 10 crore to Rs. 12 crore and subsequent changes in the Memorandum of Association of the Company.
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