ADI RASAYAN LTD. - Rectified Outcome of Board Meeting
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| 29 Sep 2015 | |
| With reference to the earlier annoucement dated September 28, 2015, regarding Oucome of Board Meeting, Adi Rasayan Ltd has now informed BSE that the Board of Directors at their meeting held on September 28, 2015, have subject to the approval of the Hon'ble High Court, shareholders. Stock Exchanges where the shares of the Company are listed and other relevant regulatory authorities approved the reduction of Equity Share Capital of the Company from Rs.6,51,97,000/- divided into 65,19,700 Equity Shares of Rs.10/- each fully paid-up to Rs. 32,59,850/- divided in to 3,25,985 Equity Shares of Rs.10/- each fully paid up and such reduction be effected by canceling Rs.10/- per share on 61,93,715 Equity Shares amounting to Rs. 6,19,37,150/- in the existing paid up Equity Share Capital against debit balance in Profit and Loss account.<BR><BR>The Board of Directors has also decided to appoint advisors/consultants for Valuation Report, Fairness opinion and other relevant matters. | |
| View all announcements for ADI RASAYAN LTD. | Source: BSE India |
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