Murudeshwar Ceramics Limited - Preferential Issue

31 Oct 2022 , 12:00 AM

We wish to inform you in terms of Regulation 30(2) of Listing Regulations read with Para A of Part A of Schedule III that a meeting of the Board of Directors of the Company held today i.e. October 31, 2022, inter alia considered and approved, Subject to the shareholders??? approval by way of passing of the Special Resolution through Postal Ballot and other necessary approvals (including applicable statutory and regulatory approvals) and in compliance with applicable laws and regulations, raising of funds by way of creating, offering, issuing and allotting, 2850000 Share Warrants in one or more tranches on preferential basis each carrying a right to subscribe to one Equity Share of face value of Rs. 10.00