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| Exchange Disseminated Time 11/02/2017 15:38:56 | Reliance Defence and Engineering Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 11, 2017, has approved:
1. Refinancing Scheme with the Lenders of the Company and consequent (a) issuance of Equity Shares, Compulsorily Redeemable Preference Shares and Secured Non-Convertible Debentures, (b) amendment to the Memorandum and Articles of Association of the Company, and (c) convening of an Extraordinary General Meeting for the said purposes.
The above shall be subject to all permissions, sanctions and approvals as may be necessary under the applicable provisions of law.
On completion of the process of Refinancing, the Company would exit from the Corporate Debt Restructuring scheme (CDR).
The meeting of the Board of Directors of the Company commenced at 12 noon and concluded at 3.20 p.m. |
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