Hester Biosciences Ltd — Capital/Financing Update 2019

Dec 13, 2019

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13 December 2019

To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra - Kurla Complex, Mumbai 400 001 Bandra (E), Mumbai 400 051 Scrip Code: 524669 Symbol: HESTERBIO

Respected Sir / Madam:

Subject: Intimation for the Board Meeting to be held on 18 December 2019

This is to inform you that as per Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended time to time), a Meeting of the Board of Directors of the Company will be held on Wednesday, 18 December 2019 at 10.30 a.m. at its Registered Office at 1[st] Floor, Pushpak, Panchvati Circle, Motilal Hirabhai Road, Ahmedabad 380006, to consider and approve the proposal of raising of funds by way of issue of equity shares, and/or equity linked securities and/or securities convertible into equity shares through Qualified Institutional Placement (QIP) or preferential allotment, subject to the receipt of necessary approvals, in terms of the provisions of the SEBI Regulations and the Companies Act, 2013, as amended from time to time and other applicable laws and other businesses, if any.

Further, for the above said proposal of raising of funds, if approved by the Board, shareholders approval will be obtained through Postal Ballot or such other mode, as to be decided by the Board members.

We request you to take note of the above.

Sincerely For Hester Biosciences Limited

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Rajiv Gandhi CEO & Managing Director DIN: 00438037