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Mangalam Timber Products board to consider share allotment

08 Oct 2012 Evaluate
Mangalam Timber Products has informed that pursuant to the approval of the shareholders of the company at the EGM held on October 06, 2012, a meeting of the board of directors of the company shall be held on October 10, 2012 for the Issue and allotment of 7.5% non-cumulative redeemable preference shares of face value of Rs. 100 each at par for a term not exceeding 9 years from the date of allotment, in compliance with Section 80 and 81 and other applicable provisions of the Companies Act, 1956 to M/s. Mangalam Cement Limited forming part of the Promoter Group, in lieu of conversion of total outstanding loan amount including interest thereon up to June 30, 2012 of Rs. 33,53,93,000 and to further include interest for the period July 01, 2012 till October 09, 2012.

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

Mangalam Timber Prod Share Price

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