Suryalakshmi Cotton Mills has informed that the Board of Directors of the Company at its meeting held on July 05, 2014, has resolved to make a preferential issue of 21,50,000 equity shares at the price of Rs. 75 (Rupees Seventy Five only) to certain non-promoter investors in accordance with SEBI (ICDR) guidelines, 2009 and also make a preferential issue of 5,00,000 10% cumulative redeemable preference shares of Rs. 100 each to the promoters on a private placement basis.
The above information is a part of company’s filings submitted to BSE.
