Castex Technologies Ltd - Outcome of Board Meeting

Castex Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 31, 2015, <BR>has decided to mandatorily convert all the outstanding bonds of US $ 80.80 Million out of FCCB Issue of US $ 130 Million. The conversion date for conversion of Bond into Equity Shares, would be September 10, 2015.<BR><BR>Further, the Board has also decided to mandatorily convert all the outstanding bonds of US $ 56.60 Million of FCCB Issue out of US $ 70 Million. The conversion date for conversion of Bond into Equity Shares, would be September 25, 2015.<BR><BR>In view of the above, The Board has also approved issuance of mandatory conversion notices, in terms of the bond documents.