INDIAN TERRAIN FASHIONS LTD. - 533329 - Announcement under Regulation 30 (LODR)-Preferential Issue
We hereby inform that the Board of directors at its meeting held on Saturday, 12th Sep, 2020 has approved the issue of following securities on a preferential basis. i)Issue of upto 16,00,000 convertible warrants each carrying a right exercisable by the warrant holder to subscribe to one equity share of face value of Rs.2.00/- each per warrant to Mr.Venkatesh Rajagopal, Promoter & Wholetime director. ii) Issue of upto 16,00,000 convertible warrants each carrying a right exercisable by the warrant holder to subscribe to one equity share of face value of Rs.2.00/- each per warrant to Mrs.Rama Rajagopal, Promoter & Wholetime director. iii) Issue of upto 16,00,000 equity shares of face value of Rs.2.00/- each to A.R. Foundations Private Limited, Public Category. iv) Issue of upto 16,00,000 equity shares of face value of Rs.2.00/- each to ARES DIVERSIFIED, FPI, Public Category. on such T&C; as may be determined by the Board & subject to the approval of Shareholders of the Company13-09-2020
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