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News Details

Sangam Renewables - Intimation Pursuant To Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And D

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23/01/2021 12:52
Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, this is to inform that the Board of Directors of Waacox Energy Private Limited (A Material Subsidiary of the Company) at its meeting held on January 22, 2021 has decided to reduce the issued, subscribed and paid-up equity share capital of the Company from Rs. 62,51,00,000/consisting of 6,25,10,000 equity shares of Rs. 10/- each to Rs. 34,26,00,000/ - consisting of 3,42,60,000 equity shares of Rs. 10/- each by cancelling and extinguishing of 2,82,50,000 equity shares of Rs.10/- each fully
paid up held by the equity shareholders of the Company.

The equity shareholders would be paid a sum of Rs. 13.05 per equity share (including a premium of Rs. 3.05 per equity share) for the extinguishment of equity shares held by them in consideration for the proposed Capital Reduction on proportionate basis.