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Agarwal Industrial Corporation Limited board to consider preferential issue on Jan 15, 2021
Posted On: 2021-01-10 04:42:44 (Time Zone: Arizona, USA)
A meeting of the Board of Directors of Agarwal Industrial Corporation Limited is scheduled to be held on January 15, 2021 to discuss, consider and approve the issuance of Convertible Warrants to promoters / non-promoters of the Company on preferential basis accordance with SEBI (ICDR) Regulations as amended, SEBI (LODR) Regulations as amended, the Companies Act, 2013 and Rules made thereunder and any other applicable Regulations and further subject to subject to obtaining the approval of the shareholders of the Company in this regard.
The board will also consider and approve acquisition of stake in Agarwal Translink Private Limited (ATPL) by way of swap of Equity Shares through preferential basis to individual shareholders of ATPL subject to the approval of shareholders, thereby making ATPL as Subsidiary of the Company.