Parrys Sugar Industries has informed that the Board of Directors of the Company at its meeting held on February 19, 2016, has approved the issue of 35,000,000 Redeemable Cumulative Preference Shares of Rs 10 each aggregating to Rs 35 Crores at par on private placement basis subject to approval of members by postal ballot process including through e-voting facility. The cut-off date for ascertaining the list of Shareholders to whom the notice of postal ballot and e-voting for seeking the approval of the members for issue of the aforesaid Shares on private placement has been fixed as February 19, 2016.
The above information is a part of company’s filings submitted to BSE.
