Held on 28 August 2017
Akashdeep Metal Industries announced that the Board of Directors of the Company at its meeting held on 28 August 2017 has transacted the following -1. To Increase the Authorised Share Capital of the Company to Rs. 8.51 Crore divided into 85,10,000 Equity Shares of Rs. 10/- each and Consequent alteration in Capital Clause of Memorandum of Association of the Company;
2. To issue and allot, subject to the approval of the shareholders and other regulatory authorities, 54,04,121 Equity Shares of Rs. 10/- each at a price of Rs. 30.50 per share including a premium of Rs. 20.50 per share as determined in accordance with the provisions of Chapter VII of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirement) Regulations, 2009 to the proposed allottees on preferential basis for consideration other than cash on acquisition of entire Equity Shares of Anmol Financial Services;
3. Convene EGM on 23 September 2017.
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