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Videocon Industries informs about outcome of Board Meeting

16 Aug 2014 Evaluate

Videocon Industries has informed that the Board of Directors of the Company at its meeting held on August 14, 2014, approved the conversion of 1,402 Partly Paid-Up Equity shares into Fully Paid-Up Equity Shares, pursuant to the payment of the First and the Final Call Money by the respective shareholders which were allotted on April 22, 2010, on Rights Basis and approved forfeiture of 12,794 Equity Shares, which were issued pursuant to the Rights Issue made on April 22, 2010, and in respect of which there were calls in arrears, subject to compliance of all the regulatory formalities & requisite approvals.

The above information is a part of company’s filings submitted to BSE.

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