Indosolar has informed that the Board of Directors of the Company at its meeting held on August 21, 2015, the Board was informed about the sad demise of Bhushan Kumar Gupta, Chairman and Whole Time Director on August 17, 2015 and the Board approved the change in terms of the 95,00,000 zero coupon redeemable non-convertible non-cumulative Preference Shares to 95,00,000 Compulsory Convertible Preference Shares subject necessary compliances.
The above information is a part of company’s filings submitted to BSE.
