The Board of Directors have approved raising of BASEL III compliant Tier II capital up to Rs1000 crore.
The company has also approved the appointment of Mr. Abhishek Agrawal, currently Deputy Chief Financial Officer to act as interim Chief Financial Officer of the Manager effective from June 1, 2022.
The company will allot nearly 134 equity shares in the ratio of 1:1.
Dr. Suman Billa has also held key positions of Joint Secretary in the Ministry of Tourism, Government of India, Secretary, Kerala Tourism, Commissioner, etc.
The company has received first trial order for 3100 Chimneys from TUAREG MARKETING PRIVATE LIMITED
The credit rating agency has reaffirmed CARE BBB for long-term / short-term Bank Facilities and FO while Outlook revised from Stable.
The outlook for the RE sector remains stable, aided by the strong policy thrust, improved tariff competitiveness of both solar & wind energy as well as supportive regulatory framework.
The interim dividend shall be paid to all shareholders of the company whose names are appearing on the company’s register until March 25, 2022.
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