Patidar Buildcon has informed that the board of directors of the company at its meeting held on October 13, 2012, has resolved that 50,00,000 fully paid up equity shares at a price of Rs. 10 each be allotted to promoter & others on preferential basis. The same has been approved by the shareholders at annual general meeting of the company held on September 29, 2012.
The above information is a part of company's filings submitted to BSE.