NHC FOODS LTD. - Outcome of Board Meeting

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16 Feb 2015
NHC Foods Ltd has informed BSE that the holders of Optionally Convertible Redeemable Preference Shares (OCRPS) have exercised their right of conversion of OCRPS into equity shares and accordingly the Board of Directors at their meeting held on February 16, 2015 have allotted 35,96,400 Equity Shares of Rs. 10/- each fully paid up on account of conversion of 35,96,400 OCRPS of Rs. 10/- each (i.e. the ratio of 1 Equity Share for every 1 OCRPS held).<BR><BR>The conversion of OCRPS into Equity shares has been done on the terms and conditions as mentioned in the Scheme of Amalgamation between NHC Industries Private Limited and NHC Foods Limited (formerly known as Midpoint Software & Electro Systems Limited) duly approved by the Hon'ble High Court of Bombay vide its order dated August 13, 2010.
View all announcements for NHC FOODS LTD.	Source: BSE India

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