DEBOCK INDUSTRIES LIMITED November 16, 2022
To,
Department of Corporate Services
Listing Compliance
ExchangeNatio al StockPlaza,ExchangeC-1,Block ofG, India Limited
Bandra Kurla Complex,
Bandra (E), Mumbai - 400051.
Security ID: DIL
Ref: Regulation 30 of SEBI ((Listing Obligations and Disclosure Requirements) Regulations, 2015.
Sub: Outcome of Board Meeting of the Company held on Wednesday, November 16, 2022.Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform the exchange that the Board of Directors in their meeting held on
, at the registered office of the Company have inter-alia considered Wednesday,and approvedNovemberthe following16,business2022 matters:
1. Increase the Authorized Share Capital of the Company from Rs. 90,00,00,000/- (Rupees Ninety Crore Only) divided into 9,00,00,000 (Nine Crore) Equity Shares of Rs. 10 each to Rs. 1,40,00,00,000/- (Rupees One Hundred & Forty Crore Only) Divided into 14,00,00,000 (Fourteen Crore) Equity Shares of Rs. 10/- (Rupees Ten Only) each and the consequent alteration in Clause V of the Memorandum of Association relating to the share capital of the Company subject to obtaining the approval of the shareholders of the Company.
2. Offer and issue of fully paid-up equity shares of the Company, on rights issue to existing eligible equity shareholders of the Company as on the record date to be decided later, for an amount not exceeding Rs. 49,50,00,000/- (Rupees Forty-Nine Crore Fifty Lakh Only), in accordance with applicable laws, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (the "Rights Issue").
3. Notice to call an Extra Ordinary General Meeting of the Company, on Monday, December 19, 2022, at 02:00 p.m.
For the purposes of giving effect to the Rights Issue, the Board has constituted and authorized the Right Issue Committee to decide the terms and conditions of the Rights Issue, including the amount, instrument, issue price, rights entitlement ratio, record date, timing of the Rights Issue and other
related matters. Details pursuant to Regulation 30 and other relevant provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are enclosed as Annexure-1.
The Meeting of board of directors commenced at 6.10 p.m. and concluded at 7.10 p.m. You are requested to take the above cited information on your records.
Thanking You.
(FormerlyDebockknownIndustriesas DebockLimitedSales and Marketing Limited)
Mukesh Manveer Singh
Digitally signed by Mukesh Manveer Singh
Date: 2022.11.16 19:14:22 +05'30'
Mukesh Manveer Singh
Chairman & Managing Director
DIN:01765408
Place: Jaipur
Date: November 16, 2022
Annexure - 1
Details as required under Regulation 30 and other relevant provision of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirement) Regulations, 2015.
Sr. No. | Particulars | Remarks |
1. | Type of securities proposed to be issued | Equity Shares |
2. | Type of Issuance | Rights Issue |
3. | Total number of securities proposed to be issued or | Number of Securities as may |
the total amount for which the decided by the right | be decided by the right issue | |
issue securities will be issued | Committee | |
For an amount not exceeding | ||
Rs. 49,50,00,000/- (Rupees | ||
Forty-Nine Crores Fifty Lakhs | ||
Only) | ||
4. | Any cancellation or termination of proposal for | N.A. |
issuance of securities including reasons thereof |
Mukesh Manveer Singh
Digitally signed by Mukesh Manveer Singh Date: 2022.11.16 19:15:00 +05'30'
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Debock Industries Ltd. published this content on 16 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2022 15:18:04 UTC.
