Educomp Solutions Ltd on Wednesday said that it has received shareholders’ nod to issue equity shares on preferential basis pursuant to conversion of Funded Interest Term Loan (FITL) to the CDR and non-CDR lenders, it said in a filing to the BSE.
The company declared the results of its postal ballot which also approved increase in remuneration for Wholetime Director Vinod Kumar Dandona.
“A separate disclosure under Clause 35 A of the listing agreement will be made in due course of time,” the company said.
Educomp’s shares ended 5.31 per cent lower at Rs 17.85 at the BSE on Wednesday.