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July 25, 2020 The Manager Department of Corporate Services Bombay Stock Exchange Limited P J Towers, Dalal Street, Fort, Mumbai -400 001 Dear Sir/Madam, Re: Outcome of the Meeting of the Board held on July 25, 2020 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors at their meeting held on July 25, 2020 have inter alia, transacted the following business: 1. Approval of the issue of convertible warrants on preferential basis (Annexure A), subject to necessary approvals. 2. Approval of the Valuation Report received from the Registered Valuer 3. Approval of letter of offer 4. Took on record the Secretarial Audit Report for the FY 2019-20 5. Approval of the board report for the FY 2019-20 6. Approval of the Corporate Governance report for the FY 2019-20 7. Fixed the day, date, time and schedule for the 26th Annual General Meeting 8. Approval of the appointment of Scrutinizer for 26th Annual General Meeting 9. Approval of the notice of 26th Annual General Meeting and dates for closure of register of membe sand share transfer book and matters connected thereto '5-' 10. Other related matters with the permission of the Chairman. The meeting commenced at 5:00 p.m. and concluded at 5.20 p.m. We request you to kindly take the above information on record and the same be treated as compliance under the applicable provision(s) of the SEBI (Listing Obligations and Disclosure Requirements) Shashank Soni Director (DIN: 06572759) and CFO 422, 4th Floor, The Summit Business Bay, Near WEH Metro Station, Andheri-Kurla Road, Andheri (E), Mumbai 400 093. Tel.: +91 22 4005 2951 / 52 I 53 Fax: +91 22 4005 2954 Email: [email protected] Website: www.ecoreco.com e-waste recycling facility registered with CPCB & MPCB I R2:2013 RESPONSIBLE RECYCLING™ CIN: L74120MH1994PLC079971
Transcript of bsmedia.business-standard.com · Created Date: 7/25/2020 1:24:52 PM
July 25, 2020
The Manager
Department of Corporate Services
Bombay Stock Exchange Limited
P J Towers, Dalal Street,
Fort, Mumbai -400 001
Dear Sir/Madam,
Re: Outcome of the Meeting of the Board held on July 25, 2020
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,we wish to inform you that the Board of Directors at their meeting held on July 25, 2020 have inter alia,transacted the following business:
1. Approval of the issue of convertible warrants on preferential basis (Annexure A), subject to
necessary approvals.
2. Approval of the Valuation Report received from the Registered Valuer
3. Approval of letter of offer
4. Took on record the Secretarial Audit Report for the FY 2019-20
5. Approval of the board report for the FY 2019-20
6. Approval of the Corporate Governance report for the FY 2019-20
7. Fixed the day, date, time and schedule for the 26th Annual General Meeting
8. Approval of the appointment of Scrutinizer for 26th Annual General Meeting
9. Approval of the notice of 26th Annual General Meeting and dates for closure of register of
membe sand share transfer book and matters connected thereto'5-'
10. Other related matters with the permission of the Chairman.
The meeting commenced at 5:00 p.m. and concluded at 5.20 p.m.
We request you to kindly take the above information on record and the same be treated as complianceunder the applicable provision(s) of the SEBI (Listing Obligations and Disclosure Requirements)
Shashank Soni
Director (DIN: 06572759) and CFO
422, 4th Floor, The Summit Business Bay, Near WEH Metro Station, Andheri-Kurla Road, Andheri (E), Mumbai - 400 093.
Tel.: +91 22 4005 2951 / 52 I 53 Fax: +91 22 4005 2954 Email: [email protected] Website: www.ecoreco.com
e-waste recycling facility registered with CPCB & MPCB I R2:2013 RESPONSIBLE RECYCLING™
CIN: L74120MH1994PLC079971
Preferential Issue
Subject to receipt of requisite statutory and regulatory approvals including approval of the
shareholders of the Company, the Board has approved the raising of equity capital aggregating
to INR 16,00,00,000/- through preferential issue of 40,00,000 convertible warrants ( Propos d
Issue") of face value INR 10 at INR 40/- (including a premium of INR 30/- for each warrant, to th
allottees as per Annexure A, subject to compliance with applicable pricing regulations and in
accordance with the provisions of Chapter V of the Securities and Exchange Board of India (Issue
of Capital and Disclosure Requirements) Regulations, 2018, as amended ("SEBI ICDR
Regulations") and applicable provisions of the Companies Act, 2013 and rules made thereunder
("Companies Act"). Disclosures as required under Regulation 30 of the Listing Regulations read
with the Securities and Exchange Board of India Circular (CLR/ FD/CMD/4/2015) dated September
9, 2015 ("SEBI Circular").
422, 4th Floor, The Summit Business Bay, Near WEH Metro Station, Andheri-Kurla Road, Andheri ?E),Mumbai - 400 093.
Tel.: +91 22 4005 2951 / 52 / 53 Fax: +91 22 4005 2954 Email: [email protected] Website: www.ecoreco.com
e-waste recycling facility registered with CPCB & MPCB I R2:2013 RESPONSIBLE RECYCLING™
CIN: L74120MH1994PLC079971
ANNEXURE A
Proposed Issue
Details which a listed entity needs to disclose in the event of issuance of securities as specified in Para A of Part A ofSchedule Ill of the SEBI Listing Regulations read with the SEBI Circular.
Sr. No. Particulars Details
1. Type of securities proposed to be issued Convertible Warrants
2. Type of issuance Preferential Allotment
3. Total number of securities proposed to be issued or the 40,00,000 convertible warrants
total amount for which the securities will be
issued (approximately);
4. In case of preferential issue the listed entity shall disclose
the following additional details to the stock exchange(s):
(i) name(s) of the investor(s); 1. Ecoreco Ventures Pvt Ltd -promoter
group company
2. Shashank Soni-promoter group
3. Ushik Mahesh Gala
4.Bunkim Finance & Investments Pvt
Ltd
j
(ii) post allotment of securities - outcome of the Issue price: Rs. 40/-(minimum 25%
subscription, issue price I allotted price (in case of payable on allotment)
convertibles), number of investors; Number of Investors: 4(2 individuals
and 2 body corporates)
(iii) in case of convertibles - intimation on conversion of Warrants shall be converted into equity
securities or on lapse of the tenure of the instrument; shares within 18 months from the date
of issue.
5. Any cancellation or termination of proposal for None
issuance of securities including reasons thereof.
422, 4th Floor, The Summit Business Bay, Near WEH Metro Station, Andheri-Kurla Road, Andheri (E), Mumbai - 400 093.
Tel.: +91 22 4005 2951 / 52 I 53 Fax: +91 22 4005 2954 Email: [email protected] Website: www.ecoreco.com
e-waste recycling facility registered with CPCB & MPCB I R2:2013 RESPONSIBLE RECYCLING™
CIN: L74120MH1994PLC079971
