Evexia Lifecare Limited board approves preferential issue of 8 crore warrants

The Board of Directors of Evexia Lifecare Limited at its meetings held on Tuesday, May 16, 2023 has considered and approved the Increase in Authorised Capital from Existing Rs. 86,45,00,000/- to Rs. 3,87,00,00,000/- and corresponding amendments to the Clause V of the Memorandum of Association of the Company subject to necessary approvals.

The board also considered and decided to issue 8,00,00,000 (Eight Crores) Warrants convertible into equity shares on preferential basis ("Preferential Issue") at the price of Rs. 3/- per warrant determined under Regulation 164 read with Regulation 166A of SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2018 to the Promoters group on preferential basis under the terms of SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2018 subject to necessary approvals.

Source : Equity Bulls

Keywords

EvexiaLifecare PreferentialIssue Warrants FundRaising