Pincon Spirit Ltd approves preferential issue, resignation of CEO

The Board of Directors of Pincon Spirit Ltd at its Meeting held on January 07, 2017 has approved the resignation of Mr. Kaushik Chatterjee from the office of Chief Executive Officer is accepted with effect from December 21, 2016.

The Board approved proposal to raise funds through issue of up to 5,706,128 equity share warrants on preferential basis.

The Board appointed Mr. Arpan Sengupta, Practicing Company Secretary as scrutinizer to conduct the e-voting process and also approved the issue of Foreign Currency Convertible Bonds for an amount not exceeding US$ 30 million.

Source : Equity Bulls

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