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Authum Investment & Infrastructure informs about outcome of board meeting

Authum Investment & Infrastructure has informed that meeting of the Board of Directors of the Company (the Board) was held on November 12, 2020, approving the offer and issuance of fully paid-up equity shares of the Company (the Equity Shares) for an amount not exceeding Rs 40 crore, by way of a rights issue (Rights Issue), in accordance with the Companies Act, 2013 and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, other applicable laws and clarification dated February 15, 2021, the Rights Issue Committee have considered and approved the following items for the Rights Issue: Issue Opening Date: Monday, March 1, 2021; and Issue Closing Date: Monday, March 15, 2021.

The above information is a part of company’s filings submitted to BSE.