BODAL CHEMICALS LTD. - Outcome of Board Meeting

Bodal Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 31, 2014, has transacted the following:<br/><br/>- The Board of Directors has allotted 3000000, 9% Non Cumulative Redeemable Preference Shares (Non Convertible) at face value of Rs. 10/- each, aggregating Rs. 3,00,00,000/-, to Non-Promoters, as per the requirement of approved Corporate Debt Restructuring (CDR) package.