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I Power Solutions India Ltd

I Power Solutions India Ltd - Board Meeting Intimation for The Meeting To Be Held On 23Rd August 2024.

Aug 20,2024

I-POWER SOLUTIONS INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/08/2024 inter alia to consider and approve (1) Increase in authorized share capital of the company from Rs. 5 crores to Rs. 10 crores. (2) Issue of Seventeen Lakhs (1700000) equity shares on preferential basis to certain identified non-promotors. (3) Shifting of registered office of the company from Chennai state of Tamil Nadu to Hyderabad state of Telangana. (4) Change in the object clause of Memorandum Of Association (MOA) of the company. (5) Formation of Wholly owned subsidiary (WOS) company and to make investments in securities of wos of the company. (6) Borrowings in excess of the paid up share capital and free reserves by the board of Directors of the company under section 180(1) (C) of the companies Act 2013. (7) Opening of separate bank account for the purpose of preferential issue. (8) Appointment of Registered valuer for determining the price for preferential issue.