Shree Manufacturing Company has informed that pursuant to Regulation 30 of the Listing Regulations, the meeting of Board of Directors of the Company was held on 3rd March, 2020 at 11.30 AM and concluded at 01.30 PM at the Registered Office of the Company situated at Suite 712, Prasad Chambers Opera House, Murnbai, 400004 and transacted business: The Honorable National Company Law Tribunal Mumbai Bench, Mumbai, vide its Order dated 4th February, 2020 has sanctioned the Scheme of Arrangement between Shree Manufacturing Company Limited (SMCL) and their respective shareholders for conversion of Preference shares into Equity Shares and accordingly the Board of Directors at their meeting held on 3rd March, 2020 have allotted 28,00,000 Equity shares of Rs 10 at a price of Rs 10.25 per share to the Preference Shareholders in lieu of their holding of 2,87,000 Preference Shares of Rs 100 each in the Company.
The above information is a part of company’s filings submitted to BSE.
Company Name | CMP |
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Sutlej Textiles&Inds | 59.06 |
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