Milgrey Finance & Investments Ltd - 511018 - Board Meeting Outcome for Outcome Of Board Meeting Held On 24Th February 2022
This is to inform the exchange that the meeting of the Board of Directors of the Company was held today at 3:30 p.m. The Board discussed about various fund-raising options available to the company. The Board took note of the changing geo-political situation and its impact on the economy and business of the company. The Board also took note of the amendments in the applicable regulations for issue of capital. After due discussion, the board has decided to form a committee to review the overall situation, assess its impact and suggest suitable fund-raising options. The board shall review the recommendations of the committee and re-consider the fund-raising options in due course. The Company shall, in compliance with the applicable regulations, intimate the exchange if the board reconsiders the proposal of fund raising. The meeting concluded at 4:30 p.m. We hereby request you to take the above cited information on your records.24-02-2022