This is to inform you that the Board of Directors of the Company has on request of the preference shareholder M/s. Intellectual Securities Private Limited approved the partial redemption of 0% Non-Cumulative Non-Convertible Non-Participating Preference Share of the Company. The Approval was sought through Circular Resolution No. CR/NPL/01/2021-22 passed on Tuesday June 08 2021 by requisite majority of Directors.
The redemption was made out from issue of fresh equity shares through preferential allotment to the select Non-Promoter category. The Company after obtaining all the necessary approvals had allotted the equity shares to the select Non- Promoter category on June 02 2021
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