Khaitan Electricals has informed that the Board of Directors of the Company at its meeting held on November 09, 2015, has approved to issue 5,00,000 numbers of 9% Non Convertible, Non Cumulative Redeemable Preference Shares of face value of Rs 100 at par on preferential allotment basis to Promoter Group Company. The said shares shall be redeemable at par within 20 years.
The above information is a part of company’s filings submitted to BSE.