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Rubber Products informs about outcome of board meeting

20 Mar 2020 Evaluate

Pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosures Requirement) Regulations, 2015 (including any amendments or modification made thereof for the time being in force), Rubber Products has informed that, considering the Record Date Wednesday, March 18, 2020 as Fixed by the Company, the meeting of the Board of Directors of the Company held today, March 19, 2020 have considered and approved the cancellation of Existing 40,88,400 equity shares (Promoters & Public) of the Company including all rights and privileges of shareholders on such shares as approved & directed by the Honorable National Company Law Tribunal, Mumbai Bench (NCLT) and the Honorable National Company Law Appellate Tribunal, New Delhi (NCLAT) vide its orders dated February 19, 2019 and June 11, 2019 respectively and; issue & Allotment of Fresh 40,88,400 equity shares of Rs 10 each to the new shareholders on such terms and condition as approved & directed by the Honorable National Company Law Tribunal, Mumbai Bench (NCLT) and the Honorable National Company Law Appellate Tribunal, New Delhi (NCLAT) vide its orders dated February 19, 2019 and June 11, 2019 respectively, Subject to such regulatory and statutory approvals as may be required.

The above information is a part of company's filings submitted to BSE.

Peers
Company Name CMP
Apcotex Inds 403.85
Pix Transmission 1544.95
GRP 1876.15
Harrisons Malayalam 222.90
Tinna Rubber & Infra 722.05
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