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Ortin Laboratories informs about outcome of board meeting

23 Jan 2021 Evaluate

Ortin Laboratories has informed that the meeting of the Board of Directors of the Company held on Saturday 23.01.2021 at 11:00 am at the registered office of the company at D. No: 3-4-512/35 (43/4RT), Opp: Barkatpura Park, Barkatpura, Hyderabad - 500027, Telangana has considered and approved the list of shareholders as on 13.01.2021, being the Record Date and allotted new 81,31,392 Equity Shares of Rs 10 each to them in pursuant to Scheme of Arrangement duly approved by Hon'ble National Company Law Tribunal, Hyderabad Bench vide its Orders dated 24.12.2020. Pursuant to the Scheme, the shareholders of Ortin Laboratories whose names appear in the Register of Members as on 13th January, 2021 holding 100 equity shares of Rs 10 each fully paid up shall be issued and allotted: 52 Equity Shares of face value of Rs 10 each fully paid up of the Vineet Laboratories; and 48 Equity Shares of face value of Rs 10 each fully paid up of Ortin Laboratories which includes reduction of capital by Rs 5.20 per share and consolidating the same into Rs 10 each. The meeting concluded at 2:30 pm.

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

Ortin Global Share Price

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