Modipon has informed that the Meeting of the Board of Directors of the Company scheduled to be held on October 17, 2016 for preferential issue and allotment of 3,738,632 equity shares of Rs 10 each to Modi Intercontinential (a related party) has been held on October 17, 2016. However, since the regulatory approval for the same has not yet been received, the meeting has been adjourned.
The above information is a part of company’s filings submitted to BSE.
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