Signet Industries informs about outcome of Board Meeting

Signet Industries has informed that the Board of Directors of the Company at its meeting held on March 20, 2015, has approved the Letter of Offer and send it to the respective shareholders, the board has also given consent to issue 60,00,000 2% Non-convertible Non-Cumulative Redeemable Preference Shares of Rs 10 each at premium of Rs 40 each fully paid-up on private placement basis after giving approval by the shareholders in the EGM dated March 19, 2015 and given consent to open a separate bank account in the name of the Company for the purpose of keeping the share application money.

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