C Mahendra Exports has informed that the Board of Directors of the Company at its meeting held on May 04, 2015, has considered and approved the conversion of 1, 25, 00,000 6% Redeemable Preference Shares of Face value of Rs 10 Each issued at premium of Rs 90 into equity share capital of the Company at a price as per Regulation 76(1) of ICDR, 2009 subject to the approval of Members of the Company and other regulatory approvals applicable.
The above information is a part of company’s filings submitted to BSE.