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SRF Ltd. — Capital/Financing Update 2020
Aug 31, 2020
61903_rns_2020-08-31_ff43e09c-9416-4b42-81ec-5a0cd97faa19.pdf
Capital/Financing Update
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Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai 400 001
Scrip Code: 503806
SRF/SEC/ BSE/NSE
National Stock Exchange of India Limited ‘Exchange Plaza’, C-1, Block G Bandra Kurla Complex Bandra (East) Mumbai 400 051
Symbol: SRF
31 August, 2020
Dear Sir,
Re: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to our intimation dated 26 August, 2020 and in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we hereby inform you that the Board of Directors of SRF Limited (the “ Company ”), at its meeting held today, i.e. 31 August, 2020, has considered and approved the raising of funds :-
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a) for an aggregate amount not exceeding INR 750 Crores through issue of equity shares by way of qualified institutions placement, in accordance with the relevant provisions of applicable law and subject to approval of the Company’s shareholders and receipt of applicable regulatory approvals; and
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b) for an aggregate amount not exceeding INR 250 Crores through issue of listed redeemable secured non-convertible debentures by way of private placement, in accordance with the relevant provisions of applicable law and subject to receipt of applicable regulatory approvals.
The meeting of the Board of Directors of the Company commenced at 11.00 a.m. and concluded at 1.05 p.m
This is for your information and records.
Thanking you,
For SRF Limited
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Rajat Lakhanpal
VP (Corporate Compliance) & Company Secretary