Atam Valves Ltd - 543236 - Board Meeting Outcome for Outcome Of Board Meeting Pursuant To Regulation 30 Of SEBI (Listing Obligations Anddisclosure Requirements) Regulations, 2015
In continuation toourIntimation of Board Meeting letterdatedMarch 24, 2022,wewishtoinformyouthattheBoardofDirectors of the Company, at its meeting held today, i.e.Tuesday, March29, 2022 at the Registered office of the Company situated at 1051 Industrial Area, Jalandhar, Punjab,which commenced at 11.15 amhas discussed, deliberated, taken on record and approved, inter alia, thefollowing: 1. Issuance of up to 18,00,000 Warrantsconvertible into Equity sharesof face value Rs. 10/- per share toPromoter of the Companyon a preferential basis ('Preferential Issue') in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ('SEBI ICDR Regulations'), as amended, and other applicable laws, at a price of Rs.50/- per Equity Warrant convertible into Equity Shares having Face Value of Rs. 10/- each at a premium of Rs.40/- per Equity Share, subject to the approval of regulatory29-03-2022