Sand Plast - Outcome of Right Issue Committee Meeting

Sand Plast (India) Ltd has informed BSE that the Right Issue Committee at its meeting held on October 08, 2009, has approved the Draft Letter of Offer in accordance with the provision contained in the SEBI (ICDR) Regulations, 2009 for the Rights Issue of 77,33,333 Equity Shares of Rs. 10 each for Cash at a Premium of Rs. 5/ (Issue Price of Rs. 15/-) per Equity Share aggregating to Rs. 1,160 Lakhs to the Existing Equity Shareholders on Rights Basis in the ratio of 1 (One) Equity Share for every 3 (Three) equity shares.