Systematix Corporate Services has informed that the Board of Directors of the Company at its meeting held on March 30, 2015, has decided to offer, issuance of 2,70,00,000 non convertible Redeemable preference shares (NCRPS) of face value of Rs. 10/- each (the 'Preference Shares?), on the preferential basis for the consideration other than cash being conversion of unsecured loan from Superstar Exports in to share Capital.
The above information is a part of company’s filings submitted to BSE.