SHIVA CEMENT LTD. - Outcome of Board Meeting

Shiva Cement Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 14, 2015, inter alia, has approved the following:<BR><BR>- Preferential Issue of 8 Mill. Equity Share Warrants to persons other than promoter & promoter group at a price of Rs.6/- per warrant convertible into Equity Shares of Rs.2/- each at a premium of Rs.4/- per share. The earlier approval of the Board for preferential issue stands cancclled.