Mangalore Refinery and Petrochemicals Limited announced on Wednesday that it has scheduled its Board Meeting on October 29 to approve Q2 FY2021 results. The subsidiary of Oil and Natural Gas Corporation would also discuss on its plan of raising Rs 5000 crore through the issue of Non-Convertible Debentures (NCD).
The Mangaluru based state entity stated in its BSE regulatory filing. “Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we inform that the meeting of the Board of Directors of the Company has been scheduled for Thursday, 29th October, 2020 inter-alia to consider Un-Audited Financial Statements for the Second Quarter and half year ended 30th September, 2020.”
“Further pursuant to Regulation 29 read with Regulation 50 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we further inform that an agenda item for raising funds of upto Rs 5,000 Crore (Rupees Five Thousand Crore) through issue of Non-convertible Debentures (NCDs) will be placed before the Board Meeting to be held on Thursday, 29th October, 2020.”
