Arfin India to mull convertible warrants to promoters via pref allotment

India Infoline News Service | Mumbai | September 20, 2016, 09:46 IST

The company also to alter the Articles of Association of the Company for inserting specific clause for Issue of Convertible Warrants.

Dalal Street
Arfin India Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on September 20 to consider and approve Issue of Convertible Warrants to Promoters / Promoters Group and / or persons other than promoters by way of preferential allotment in accordance with the provisions of the Companies Act, 2013 and Chapter VII of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and other applicable statutory provisions;

The company also to alter the Articles of Association of the Company for inserting specific clause for Issue of Convertible Warrants.
 

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