Safal Securities has informed that the board of directors of the company at its meeting held on August 21, 2012, has decided to issue 1,00,00,000 equity shares by way of preferential allotment at such price as may require in section 81 (1) (A) of Companies Act, 1956 and SEBl (ICDR) Regulations, 2009.
The above information is a part of company's filings submitted to BSE.