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Outcome of board meeting of Radha Madhav Corporation

Capital Market 

Held on 12 March 2018

The Board of Madhav Corporation at its meeting held on 12 March 2018 has approved the following -

1. To Increase the Authorised Share Capital and consequent alteration of Capital Clause in the Memorandum of Association.
2. To Issue 41,50,000 Equity Shares on Preferential Basis to Non - Promoters.
3. To Issue 2,28,25,000 Convertible Warrants on Preferential Basis to Promoter and Non-Promoter.
4. To approve notice of Meeting of the Company for obtaining their approval for the above referred matters.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 13 2018. 09:39 IST