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| Exchange Received Time 29/04/2017 17:04:57 Exchange Disseminated Time 29/04/2017 17:05:04 Time Taken 00:00:07 | | Members of Sumeet Industries Limited at the EGM held on April 29, 2017 approved the following Resolutions: 1. Conversion of Unsecured Loans of Rs. 25.00 Crores of Promoters and Promoter group into Equity Shares of the Company in the proposed Right Issue 2. Increase in the Borrowing Limits from Rs. 1000.00 Crores to Rs. 1250.00 Crores 3. Creation of Charge on the Assets increased from Rs. 1000.00 Crores to Rs. 1250.00 Crores 4. Issue of Non-Convertible Debentures ('NCDs') / Bonds / Non-Convertible Redeemable Preference Shares ('NCRPs'), on private placement basis up to Rs. 50.00 Crore |
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