KRISHNA FERRO PRODUCTS LTD. - Outcome of Board Meeting

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14 Feb 2013
Krishna Ferro Products Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 14, 2013, has transacted the following :<br/><br/>1. Allotment of 0% Non Convertible, Non Transferable Debentures<br/><br/>The Board agreed to allot 8 Debentures bearing face value of Rs. 5,00,000/- each amounting to a total of Rs. 40,00,000/- (Rupees Forty Lakhs) to Sri Hari Kishan Agarwal on Private Placement Basis against application and allotment money<br/>Rs. 40,00,000/- already received from him.<br/><br/>2. Adjournment of the Board Meeting :<br/><br/>The discussion regarding the results of the Company took a lot of time and the Board could not arrive at a consensus regarding the approval of results. <br/>So, the chairman of the meeting Sri Manabendra Nath Sahoo decided to adjourn the meeting and accordingly the adjourned meeting of the board will be held on February 20, 2013.
View all announcements for KRISHNA FERRO PRODUCTS LTD.	Source: BSE India

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