Southern Petrochemicals Industries Corporation has informed that in continuation to its intimation under reference, Tuticorin Alkali Chemicals and Fertilizers Limited (TFL) (an associate company) had intimated the Company on 18th September 2018 about the preferential allotment of 4,68,50,000 equity shares of Rs 10 each made on 17th September 2018 towards conversion of unsecured loans, outstanding dues payable to SPIC and the existing 20,00,000 5% Redeemable Cumulative Preference Shares based on the SEBI Order No. WTM/GM/CFD/MISC/1/2018-19 dated 6th September 2018.
The above information is a part of company’s filings submitted to BSE.
