Sagar Productions has informed that the Board of Directors of the Company at its meeting held on October 23, 2015, has approved and taken on record the conversion of 3,88,00,000 Warrants (issued on 29.05.2015) into 3,88,00,000 Equity Shares of Re 1 each after which the paid up Capital of the Company shall stand at Rs 40,142,125 divided into 40,142,125 Equity Shares of Re 1 each; and approved the resignation of Ram Avtar Kankani from Directorship of the Company with immediate effect.
The above information is a part of company’s filings submitted to BSE.
