S. Kumars Nationwide has informed 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.
The above information is a part of company’s filings submitted to BSE.