JMC Projects at its board meeting hung on September 21, 2022, authorized elevating of price range upto Rs. 2 hundred crore via way of issue of Listed, Rated, Secured/Unsecured, Redeemable Non-Convertible Debentures (NCDs) of the Company on private placement foundation, in one or extra tranches/series inside
the borrowing limits accepted via the shareholders subject to such statutory and regulatory approvals as can be vital under applicable legal guidelines. The Board similarly authorized the Management Committee of the Board of Directors of the Company to take essential steps in this regard, including finalization of the
phrases of issuance of NCDs.
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