AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

Visagar Polytex Ltd Capital/Financing Update 2021

Dec 24, 2021

Capital/Financing Update

Opens in your device viewer

The Manager	The National Stock Exchange of India
BSE Limited	Limited
Corporate Relationship Department Is Floor,	Exchange Plaza, Plot No. C/1, G Block, Bandra
New Trading Ring, Rotunda Building, P.J	Kurla Complex, Bandra (E),
Towers, Dalal Street, Fort, Mumbai -400001.	Mumbai- 400 051
BSE Scrip ID - VIVIDHA BSE Scrip Code- 506146	ISIN Code- INE370E01029

The Board of Directors of the Company at their Meeting held today on 24th December, 2021, inter alia, has taken on record the followings transaction:

1. The Directors have unanimously consented for raising funds through Rights Issue of Equity Shares up to 29,27,00,534 Equity Shares of Face value of Rs. 1/- each in the ratio of 1:1 i.e (One) 1 Equity Shares for each (One) 1 Equity Shares held by Shareholders at an issue price of Rs. 1.70/- per Equity Share (including premium of Rs. 0.7/- per Equity Share) - aggregating to Rs. 4975.91 Lakh to all the existing members of the Company on rights basis ("Rights Issue").
1. Increase the Authorised Share Capital of the Company for the above purpose as per section 61, 13 and other applicable provisions of the Companies Act, 2013.
1. Approval of Adoption of New Set of Article Of Association (AOA) as per Companies Act, 2013
1. The Director of the Company is authorised to call Extra Ordinary General Meeting (EOGM) and to do such acts, deeds and things as may be necessary to give effect to the Board's decision.

The Meeting of Board of Directors commenced at 6:30 p.m. « concluded at 7:30 p.m.

We request you to take the aforesaid intimation on the record.

Thanking You,

Yours faithfully,