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GHV INFRA PROJECTS LIMITED — Capital/Financing Update 2024
Oct 18, 2024
62297_rns_2024-10-18_767199da-23d6-4181-b14a-1803f502e0ef.pdf
Capital/Financing Update
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CIN: L43900KA1976PLC173212
SINDU VALLEY TECHNOLOGIES LIMITED
Registered office: -No.3, 2[nd] Floor, Dr TCM Royan Road, Opp Ayyappan Temple, Chickpet, Bangalore, Karnataka-560053. Corporate Office: - Kanakia Wall Street, A-511/512, 5th Floor, Andheri Kurla Road, Chakala, Andheri East, Mumbai – 400059. Telephone: 08026706716, Website:- www.sinduvalley.com, Email: [email protected].
October 18, 2024
To, The Corporate Services Department, The BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400001.
Subject: Outcome of Meeting of Committee of Independent Directors for Proposed preferential Issue and Change in Control and Disclosure of event or information under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirement) Regulations, 2015.
Dear Sir,
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations), we hereby inform you that the Committee of Independent Directors of the Company in its held today has considered the proposal to make the preferential allotment of 1,10,00,000 Equity Shares to the proposed allottees who are currently non promoters of the Company and proposed to be classified as promoters pursuant to Open offer under Securities and Exchange Board of India (Substantial Acquisitions of Shares and Takeovers) Regulations, 2011 and there would be change in control.
The committee has considered that the Issue price of Rs.18/- has been determined as per Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirement) Regulations, 2018 who have taken into consideration the relevant valuation parameters and provided justification for their assessments. The offer price also includes a control premium on account of change in control pursuant to the proposed preferential allotment and upon completion of the Open Offer. Thus, the committee is of the view that the Issue price and the proposed preferential allotment is fair and reasonable. The voting pattern of the said Committee meeting was as follows:
| S. No. | Name of the Independent Director | Assent | Dissent |
|---|---|---|---|
| 1. | Kavita AkshayChhajer | √ | - |
| 2. | Samrathdan Zula | √ | - |
This is for your information and record.
Thanking you, Yours faithfully, For Sindu Valley Technologies Limited
AMOL DILIP Digitally signed by AMOL DILIPDHAKORKAR DN: cn=AMOL DILIP DHAKORKAR, DHAKORKA c=IN, st=Maharashtra,o=PERSONAL, title=7112, serialNumber=72a91396b0cde160fbe R 2d52bb98fd6c61de8470ac4a2d6b8554c9c64272051d5 Date: 2024.10.18 20:06:04 +05'30'
Amol Dhakorkar Company Secretary