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Arshiya Ltd.

BSE: 506074 Sector: Others
NSE: ARSHIYA ISIN Code: INE968D01022
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Outcome of Board Meeting

April 19, 2019, 2:17 pm | Source: BSE | Downlaod PDFDownload PDF

Dear Sir/Madam

In continuation to our letter dated 16th April 2019 this is to inform you that the Board of Directors of the Company at its meeting held today i.e. Friday 19th April 2019 inter-alia transacted following items of business:

1. Considered and approved subject to approval of the shareholders issuance of upto Rs. 451272960/- Compulsory Convertible Debentures of the Company convertible into equity shares of the Company on preferential basis against settlement of due of the Company as per Annexure - I in terms of relevant provision of Chapter II Part II of the Securities and Exchange Board of India (Issue Of Capital and Disclosure Requirements) Regulations 2018; relevant provisions of the Company Act 2013 and any other provisions as may be applicable for the time being in force.

2. Considered and approved subject to approval of the shareholders issuance of upto Rs. 80000000/- Optionally Convertible Preference Shares of the Company convertible into equity shares of the Company on preferential basis against settlement of due of the Company as per Annexure - I in terms of relevant provision of Chapter II Part II of the Securities and Exchange Board of India (Issue Of Capital and Disclosure Requirements) Regulations 2018; relevant provisions of the Company Act 2013 and any other provisions as may be applicable for the time being in force.


3. Considered and approved subject to approval of the shareholders issuance of upto 1575000 equity shares of face value of Rs. 2/- each on preferential basis to Non-Promoters as per Annexure - I in accordance with SEBI (ICDR) Regulation 2018 and other applicable provisions; relevant provisions of the Company Act 2013 and any other provisions as may be applicable for the time being in force.

4. Considered and approved subject to approval of shareholders re- appointment of Mr. Ajay S Mittal (DIN: 00226355) as the Managing Director of the Company.

5. Considered and approved subject to approval of shareholders re - appointment of Mrs. Archana A Mittal (DIN: 00703208) as Joint Managing Director of the Company

The Meeting commenced at 11:00 A.M. and ended at 2:00 P.M.
This is for your information and record please.

Thanking you.