GAYATRI PROJECTS LTD. - 532767 - Announcement under Regulation 30 (LODR)-Preferential Issue
This in furtherance to our communication dated August 05, 2021 wherein the Board of Directors had approved fund raising by way of preferential issue of equity shares ('preferential issue') for INR 337.50 Crores to proposed allottees as set out in the EGM Notice dated August 05, 2021 subject to approval of shareholders and the results of EGM and results of confirmation voting intimated to the Stock Exchanges on August 28, 2021 and September 25, 2021 respectively. In this regard, the investor had communicated vide their email dated December 13, 2021 stating that although they had commenced fund transfer within the stipulated time, yet, the process of fund transfer initiated by them could not be completed owing to compliance and regulatory issues at their end. It was also communicated to the company that since timelines for these approvals cannot be defined, hence they have called off the current investment as of now.14-12-2021
