Greenlam Industries Ltd - 538979 - Intimation Under Regulation 30 W.R.T. Raising Of Funds By Issuance Of Securities
This is to inform you that in terms of Regulation 30 read with Schedule Ill of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company at their meeting held on December 28, 2021, have considered and approved raising of funds and issuance of Equity shares / other financial instruments convertible into equity shares (including warrants) through Qualified Institution Placement (QIP} basis or any other permissible modes (in one or more tranches) for an aggregate amount up to Rs. 500 Crore (Rupees Five Hundred Crore only) including premium, subject to necessary approvals from shareholder/regulators, as applicable. In furtherance to the above, the Board has decided to obtain shareholders'' approval through postal ballot for raising of funds and issuance of securities as mentioned above. The Board Meeting commenced at 10.30 AM and concluded at 10.52 AM.28-12-2021