Ruttonsha International Rectifier has informed that the Board of Directors of the Company at their meeting held on August 31, 2016 have unanimously decided to roll back the proposal for partial redemption of 289,710 Preference Shares passed at the Board meeting held on August 12, 2016. The Board is of the opinion that considering growth plans of the Company and revival in business sentiments, it is prudent to roll back the proposal for redemption of preference shares and utilize the existing cash flows in the business and operations of the Company.
The above information is a part of company’s filings submitted to BSE.
