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Tilaknagar Industries Ltd Capital/Financing Update 2019
60357_rns_2019-11-27_6e3151f7-6004-4d02-8e9f-b391b3f07aa0.pdf
Capital/Financing Update
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ONLINE FILING
Ref: TI/BSE/COMP/ 19-20/61
November 27, 2019
To, The Manager (Listing), BSE Limited, P.J. Towers, Dalal Street, Mumbai - 400 001 Ph: 022 2272 1233/ 34 Fax: 022 2272 3719
Sub: Outcome of the Board Meeting Ref: Scrip Code - 507205
Dear Sir/Madam,
We wish to inform you that the Board of Directors has, in its Meeting held on November 27, 2019, inter alia, granted in-principle approval to the proposal for raising additional capital by the Company amounting up to Rs. 110 crores (including premium) through Preferential Issue of Equity Shares to Strategic Investors pursuant lo Section 62 of the Companies Act, 2013 and as per the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and subject to necessary regulatory and other compliances.
The terms and conditions with respect to the proposed fund raising viz. exact amount, name of the proposed investors, issue price etc. is yet to be finalized and same shall be intimated as per the provisions of Regulation 30 of the SEBI(LODR) Regulations, 2015 upon finalization by the Board.
Please take note that the Meeting commenced at 12.30 p.m. and concluded al 2.10 p.m.
Kindly acknowledge the receipt and take the same on your record.
Thanking you,
Yours faithfully,
G Company Secretary
Corp. Office: Industrial Assurance Building, 3rd Floor, Churchgate, Mumbai, Maharashtra - 400 020, India P +91 (22) 2283 1716/18 F +91 (22) 2204 6904 E [email protected]
Regd. Office: P.O. Tilaknagar, Tai. Shrirampur, Disr Ahmednagar, Maharashtra - 413 720, India p +91 (2422) 265 123 I 265 032 F +91 (2422) 265 135 E [email protected]