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ESCORTS FINANCE LTD. - Intimation Under Regulation 30 Of NCLT Order Pertaining To Preference Shares
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16 May 2022
This is with reference to the petition filed with Hon&apos;ble National Company Law Tribunal, Chandigarh Bench (NCLT) for issuance of 1% Cumulative Redeemable Preference Shares (CRPS) for redemption of the existing 10% CRPS. The Company is pleased to inform that NCLT has approved the issuance of 95,00,000 - 1% (One percent) CRPS with face value of INR 10 (Rupees Ten Only) each fully paid up, aggregating to INR 9,50,00,000 (Rupees Nine Crore and Fifty Lakh Only) to Escorts Limited in lieu of the redemption of the unredeemed 95,00,000 - 10% (Ten Percent) CRPS. The copy of the order is attached. The above is for your kind information and records.
View all announcements for ESCORTS FINANCE LTD. Source: BSE India