S.KUMARS NATIONWIDE LTD. - Outcome of Board Meeting

S. Kumars Nationwide Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 03, 2014, have approved issue of 9,74,88,149 Equity Shares of Rs. 10/- each to the Promoters and Promoter Group Companies on preferential basis as per applicable laws subject to approval from the members/other stakeholders and of the regulatory authorities.