SADHANA NITROCHEM LTD. - Outcome of Board Meeting
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| 01 Dec 2014 | |
| Sadhana Nitro Chem Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 27, 2014, has approved the following:<BR><BR>1. Subject to approval of shareholders, the increase in Capital from 11,00,00,000/- (Rupees Eleven Crores Only) divided into 92,50,000 (Ninety Two Lacs Fifty Thousand) equity shares of Rs. 10/- (Rupees Ten) each and 17,50,000 (Seventeen Lacs Fifty Thousand) Preference Shares of Rs. 10/- (Rupees Ten) each to Rs. 21,00,00,000/- (Rupees Twenty One Crore only) divided into 92,50,000 (Ninety Two Lacs Fifty Thousand) equity shares of Rs. 10/- (Rupees Ten) each and 1,17,50,000<BR>(One Crore Seventeen Lakhs and Fifty Thousand) Preference Shares of Rs. 10/- (Rupees Ten) each.<BR><BR>2. Subject to the approval of the shareholders of the Company, the proposal to make private placement of 9% Cumulative Non Convertible Preference Shares by way of preferential issue to Promoters and/or Promoter Group and/or the Holding Company. | |
| View all announcements for SADHANA NITROCHEM LTD. | Source: BSE India |
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