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Outcome of board meeting of Sunil Hitech Engineers

Capital Market 

Held on 12 May 2017

Engineers announced that the Board of Directors of the Company at its meeting held on 12 May 2017 has approved the following -

Increase in authorised capital from Rs 60 crore to Rs 80 crore.

Issue of 12.40 crore convertible warrants on preferential basis to promoters and non-promoters.

To raise funds up to Rs 250 crore through rights issue, private placement, ADRs, GDRs, FCCBs.

Shifting of Registered office to 72, 7-Floor, Plot 15-A, Sagar Tarang CHS, Khan Abdul Gaffar Khan Marg, Worli Seaface, Worli Colony, Mumbai - 400 030.

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

First Published: Mon, May 15 2017. 09:34 IST