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ramkrishna forgings Ltd. Capital/Financing Update 2021
61233_rns_2021-08-27_6f7d1a0d-affd-4221-b7f8-7fcb6741c113.pdf
Capital/Financing Update
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RAMERISHNA FORGINGS LIMITED
Dated: 27% August, 2021
| To, | |
|---|---|
| The National Stock Exchange of India Limited | BSE Limited |
| Listing DepartmentExchange Plaza, Bandra Kurla Complex | Department of Corporate ServicesFloor 25, Phiroze Jeejeebhoy Towers |
| Bandra (East) | Dalal Street |
| Mumbai 400 051NSE Script: RKFORGE | Mumbai 400 001BSE Script: 532527 |
Dear Sir / Madam,
Sub: OUTCOME OF BOARD MEETING PURSUANT TO REGULATION 30 READ WITH REGULATION 29 OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015, AS AMENDED.
In furtherance to our letter dated 21st August 2021, we would like to inform you that a meeting of the Board of Directors of the Company was held today ie. 27" August 2021 pursuant to which the following were considered and approved:
Fund Raise:
The Board of Directors of the Company approved raising of funds either by issuance of equity shares, and/or bonds including foreign currency convertible bonds/ debentures/ non-convertible debt instruments with or without warrants/ convertible debentures/ warrants or any other securities by way of private placement or preferential issue or public issue or through any other permissible mode and/ or combination thereof, including by way of qualified institutions placement or through any other permissible mode or any combination thereof of any of the above, in one or more tranches, for an amount not exceeding Rs. 500 Crores (Rupees Five Hundred Crores). The resolution has been passed as an enabling resolution.
The above is subject to appropriate sanctions, permission and approvals including shareholders' approval and statutory and regulatory approvals, as may be required.
REGISTERED & CORPORATE OFFICE ee
23CIRCUS AVENUE, KOLKATA 700017, WEST BENGAL, INDIA 'an Fas PHONE : {+91 33}4082 0900 / 7122 0900, FAX: (+91 33}4082 0998 / 7122 0998 eee EMAIL: [email protected], Website : www.ramkrishnaforgings.com CHAMPIONS CIN NO, :L74210WB1981PLC034281 ee
RAMERISHNA FORGINGS LIMITED
Increase in Authorised Share Capital:
The Board of Directors approved the increase of the Authorised Share Capital of the Company from the existing Rs 33,25,00,000 (Rupees Thirty Three Crore Twenty Five Lakhs only) divided inte 3,32,50,000 equity shares of Rs. 10/- each to Rs 38,25,00,000 (Rupees Thirty Eight Crore Twenty Five Lakhs only) divided into 3,82,50,000 equity shares of Rs. 10/- each. Accordingly, the capital clause of the Memorandum of Association will also be replaced, subject to the approval of the shareholders of the Company.
Annual General Meeting:
The Board of Directors has approved to convene the 39% Annual General Meeting of the Company on Saturday, 25t* September, 2021, inter alia to seek approval of the shareholders of the Company for the aforesaid fund-raising and increase in Authorised Share Capital. .
Book Closure of Register of Members:
The Register of Members will be closed for the purpose of AGM from Saturday, 18% September, 2021 to Saturday, 25 September, 2021 (both days inclusive). (ORS Port : a)
The board meeting commenced at 5.00 P.M. and concluded at 6-[5 P.M.
We hereby request you to take the above information on your record.
Thanking you,
Yours faithfully,
For RAMKRISHNA FORGINGS LIMITED
Rajesh Mundhra': g Company Secretag. & Compliance Officer
REGISTERED & CORPORATE OFFICE
